Sec. 5. GENERAL AUTHORITY. Pursuant to this article and the plan of operation, the association may:
(1) issue, or cause to be issued, nonprofit organization liability insurance policies that include primary and incidental coverages in amounts not to exceed $750,000 per occurrence and $1.5 million aggregate a year for an individual insured;
(2) underwrite association insurance and adjust and pay losses with respect to that insurance;
(3) appoint service companies to adjust and pay losses for the association; and
(4) purchase reinsurance.
Structure Texas Statutes
Title 1 - The Insurance Code of 1951
Chapter 21 - General Provisions
Subchapter E. Miscellaneous Provisions
Article 21.49-3c. Texas Nonprofit Organization Liability Insurance Underwriting Association
Section 2. Creation; Composition of the Association; Dissolution
Section 3. Insurer Participation in Association
Section 4. General Responsibility of Association
Section 8. Eligibility for Coverage
Section 9. Application for Coverage
Section 10. Rates and Policy Forms
Section 11. Association Deficit
Section 12. Assessment of Association Members
Section 13. Policyholder Assessment