Sec. 463.154. DEFERMENT. The association may wholly or partly defer an assessment on a member insurer if the association believes payment of the assessment would endanger the ability of the insurer to fulfill the insurer's contractual obligations. The amount of the assessment that is deferred may be assessed against the other member insurers in a manner consistent with this subchapter.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 12, eff. September 1, 2019.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle D - Guaranty Associations
Chapter 463 - Texas Life and Health Insurance Guaranty Association
Section 463.151. Making and Payment of Assessment
Section 463.152. Classes of Assessments
Section 463.153. Amount of Assessments
Section 463.155. Deposit of Assessments
Section 463.156. Certificate of Contribution
Section 463.158. Use of Assessments
Section 463.159. Failure to Pay; Collection by Commissioner
Section 463.160. Premium Tax Credit for Class a Assessment
Section 463.161. Premium Tax Credit for Class B Assessment