reglab/housing_qa huggingface dataset:
TX Ins Code § 2203.152 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter D. Association Coverage|Section 2203.152. Policy Limits

Sec. 2203.152.  POLICY LIMITS.  The association may not issue one or more policies insuring an individual or organization for an amount exceeding $1 million for each occurrence and $3 million in the aggregate for a year.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.153 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter D. Association Coverage|Section 2203.153. Following Form Excess Liability Coverage

Sec. 2203.153.  FOLLOWING FORM EXCESS LIABILITY COVERAGE.  Excess liability insurance coverage written for a physician or health care provider by the association under this chapter must be written as following form excess liability insurance to the physician's or provider's primary insurance coverage.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.154 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter D. Association Coverage|Section 2203.154. Punitive Damages Excluded

Sec. 2203.154.  PUNITIVE DAMAGES EXCLUDED.  The association may not issue or renew a medical liability insurance policy for a physician or health care provider under this chapter that includes coverage for punitive damages assessed against the physician or health care provider.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.155 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter D. Association Coverage|Section 2203.155. Installment Plan

Sec. 2203.155.  INSTALLMENT PLAN.  The association may offer an installment payment plan for insurance coverage obtained through the association.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.156 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter D. Association Coverage|Section 2203.156. Term of Policy; Notice of Certain Changes

Sec. 2203.156.  TERM OF POLICY; NOTICE OF CERTAIN CHANGES.  (a)  A policy issued by the association must be for a term of one year or less, as determined by the association.(b)  Section 1901.253 does not apply to a medical liability insurance policy issued by the association for a term of less than one year.(c)  The association shall ensure that appropriate written notice is provided to the insured for a policy described by Subsection (b) if the association intends to:(1)  increase the premiums on the policy; or(2)  cancel or not renew the policy for a reason other than for nonpayment of premiums or because the insured is no longer licensed.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.201 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter E. Rates and Policy Forms|Section 2203.201. Applicability of Other Law to Rates and Policy Forms

Sec. 2203.201.  APPLICABILITY OF OTHER LAW TO RATES AND POLICY FORMS.  (a)  Except as provided by Subsection (b) and subject to Section 2203.203, the following laws govern the rates, rating plans, rating rules, rating classifications, territories, and policy forms applicable to the insurance written by the association and related statistics:(1)  Section 36.002(1);(2)  Subchapter B, Chapter 5;(3)  Subchapters A and C, Chapter 1806;(4)  Subchapter A, Chapter 2301;(5)  Chapter 251, as that chapter relates to casualty insurance and fidelity, guaranty, and surety bond insurance;(6)  Chapter 253;(7)  Chapters 2251 and 2252;  and(8)  Subtitle B.(b)  If a provision of a law described by Subsections (a)(1)-(8) conflicts with a provision of this chapter, this chapter prevails.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.202 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter E. Rates and Policy Forms|Section 2203.202. Rate Standards

Sec. 2203.202.  RATE STANDARDS.  (a)  In determining rates, rating plans, rating rules, rating classifications, territories, and policy forms, the association shall consider:(1)  the past and prospective loss and expense experience for medical professional liability insurance, inside and outside this state, of all of the association members;(2)  trends in the frequency and severity of losses;(3)  the association's investment income; and(4)  other information the commissioner may require.(b)  Rates, rating plans, and rating rules must be based on:(1)  the association's loss and expense experience; and(2)  other information based on that experience the department considers appropriate.(c)  The resultant premium rates must be:(1)  actuarially sound; and(2)  computed to be self-supporting.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.203 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter E. Rates and Policy Forms|Section 2203.203. Discount for Certain Health Care Providers

Sec. 2203.203.  DISCOUNT FOR CERTAIN HEALTH CARE PROVIDERS.  (a)  The rates applicable to professional liability insurance coverage provided by the association for not-for-profit nursing homes and not-for-profit assisted living facilities must reflect a discount of 30 percent from the rates for the same coverage provided to others in the same category of insureds.(b)  The commissioner shall ensure compliance with this section.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.251 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.251. Deficit Recoupment

Sec. 2203.251.  DEFICIT RECOUPMENT.  (a)  This section applies to a deficit sustained in a single year by the association with respect to:(1)  physicians and health care providers, other than nursing homes and assisted living facilities; or(2)  a nursing home or assisted living facility.(b)  The deficit must be recouped in accordance with the plan of operation and the rating plan in effect when the deficit is sustained under one or more of the following procedures, in this sequence:(1)  a contribution from the policyholder's stabilization reserve fund established under Section 2203.301 or the policyholder's stabilization reserve fund established under Section 2203.303, as appropriate, until the respective fund is exhausted;(2)  an assessment on the policyholders in accordance with Section 2203.252; or(3)  an assessment on the members in accordance with Sections 2203.055(c) and (d) and 2203.253.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.252 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.252. Assessment of Policyholders for Deficit Recoupment

Sec. 2203.252.  ASSESSMENT OF POLICYHOLDERS FOR DEFICIT RECOUPMENT.  (a)  Each policyholder within the group of physicians and health care providers, other than nursing homes and assisted living facilities, or within the group of nursing homes and assisted living facilities, has contingent liability for a proportionate share of an assessment made under this chapter of policyholders in the applicable group.(b)  If a deficit, as computed under the plan of operation, is sustained with respect to a group described by Subsection (a) in a single year, the board of directors shall levy an assessment only on the policyholders in the applicable group who held policies in force at any time during the two most recently completed calendar years:(1)  before the date the assessment is levied; and(2)  in which the association was issuing policies.(c)  The aggregate amount of an assessment under Subsection (b) must be equal to the amount of the deficit not recouped under Section 2203.251(b)(1) from the applicable policyholder's stabilization reserve fund.  Subject to Subsection (d), each policyholder in the applicable group shall be assessed for a portion of the deficit that reflects the proportion that the earned premium on the policies of that policyholder bears to the total earned premium for all policies of the association in the applicable group in the two most recently completed calendar years.(d)  The maximum aggregate assessment on each policyholder in the applicable group may not exceed the annual premium for the liability insurance policy most recently in effect.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.253 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.253. Limitation on Reimbursement by Member for Deficit Recoupment

Sec. 2203.253.  LIMITATION ON REIMBURSEMENT BY MEMBER FOR DEFICIT RECOUPMENT.  (a)  An association member is not obligated in a single year to reimburse the association for the member's proportionate share of the deficits from the association's operations in that year in an amount that exceeds one percent of the member's policyholder surplus.  The aggregate amount not reimbursed in accordance with this subsection shall be reallocated among the other association members.  The association shall reallocate that amount in accordance with the method of determining a member's participation under Sections 2203.055(c) and (d), after excluding the total net direct premiums of all members not sharing in the excess deficits.(b)  If the deficits from the association's operations allocated to all association members in a calendar year exceed one percent of all members' respective policyholder surplus, the association shall allocate to each member the amount of the deficits in accordance with the method of determining a member's participation under Sections 2203.055(c) and (d).|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.254 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.254. Contribution by Members for Sound Financial Operation

Sec. 2203.254.  CONTRIBUTION BY MEMBERS FOR SOUND FINANCIAL OPERATION.  If sufficient funds are not available for the sound financial operation of the association, each association member shall contribute to the financial requirements of the association in accordance with Sections 2203.055(c) and (d), 2203.252, and 2203.253, as authorized and considered necessary by the department.  A contribution under this section is in addition to:(1)  an assessment paid in accordance with the plan of operation under Section 2203.053(b); and(2)  a contribution from a policyholder's stabilization reserve fund.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.255 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.255. Reimbursement of Assessment or Contribution; Premium Tax Credit

Sec. 2203.255.  REIMBURSEMENT OF ASSESSMENT OR CONTRIBUTION; PREMIUM TAX CREDIT.  (a)  Subject to commissioner approval, the association shall reimburse an assessment or contribution, with interest at a rate approved by the commissioner, to:(1)  the association members; or(2)  the state, to the extent that the members have recouped their assessments using premium tax credits as provided by Subsection (c).(b)  Pending recoupment or reimbursement of an assessment or contribution paid by a member to the association, the unrepaid balance of the assessment or contribution may be reflected in the member's books and records as an admitted asset of the member for all purposes, including exhibition in an annual statement under Section 862.001.(c)  To the extent a member has paid one or more assessments and has not received reimbursement from the association in accordance with Subsection (a), a credit against premium taxes under Chapter 221 is allowed at a rate of 20 percent a year for five successive years following the year in which the deficit was sustained.  At the member's option, the tax credit may be taken over an additional number of years.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.256 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter F. Financial Participation by Members and Policyholders|Section 2203.256. Standards for Recoupment Provisions

Sec. 2203.256.  STANDARDS FOR RECOUPMENT PROVISIONS.  A provision for recoupment must be based on:(1)  the association's loss and expense experience; and(2)  other information based on that experience the department considers appropriate.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.301 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter G. Policyholder's Stabilization Reserve Funds|Section 2203.301. Policyholder's Stabilization Reserve Fund for Physicians and Certain Health Care Providers

Sec. 2203.301.  POLICYHOLDER'S STABILIZATION RESERVE FUND FOR PHYSICIANS AND CERTAIN HEALTH CARE PROVIDERS.  (a)  The policyholder's stabilization reserve fund for physicians and health care providers other than nursing homes and assisted living facilities is collected and administered by the association as provided by this section, Section 2203.302, and the plan of operation.(b)  The policyholder's stabilization reserve fund shall be:(1)  credited with all policyholder's stabilization reserve fund charges collected under Section 2203.302;(2)  charged with any deficit sustained by physicians and health care providers, other than nursing homes and assisted living facilities, from the association's operation during the previous year;(3)  treated as a liability of the association along with, and in the same manner as, premium and loss reserves; and(4)  valued annually by the board of directors as of the close of the preceding year.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.302 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter G. Policyholder's Stabilization Reserve Funds|Section 2203.302. Policyholder's Stabilization Reserve Fund Charge for Physicians and Certain Health Care Providers

Sec. 2203.302.  POLICYHOLDER'S STABILIZATION RESERVE FUND CHARGE FOR PHYSICIANS AND CERTAIN HEALTH CARE PROVIDERS.  (a)  Each policyholder other than a nursing home or assisted living facility shall pay annually into the policyholder's stabilization reserve fund under Section 2203.301 a charge that:(1)  is in an amount established annually by advisory directors chosen by physicians and health care providers, other than nursing homes and assisted living facilities, eligible for insurance through the association in accordance with the plan of operation;(2)  is in proportion to each premium payment due for liability insurance through the association; and(3)  is separately stated in the policy.(b)  A charge stated in a policy as required by Subsection (a)(3) is not:(1)  a part of premiums; or(2)  subject to premium taxation or a servicing fee, acquisition cost, or any other similar charge.(c)  If the association offers an installment payment plan for coverage obtained through the association, the association may:(1)  permit payment of the policyholder's stabilization reserve fund charge under this section on an installment basis; or(2)  require the policyholder to pay the charge as an annual lump sum.(d)  Collections of the policyholder's stabilization reserve fund charge under this section shall continue until the net balance of the policyholder's stabilization reserve fund under Section 2203.301 is not less than the projected sum of premiums for physicians and health care providers, other than nursing homes and assisted living facilities, to be written in the year following the valuation date.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.303 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter G. Policyholder's Stabilization Reserve Funds|Section 2203.303. Policyholder's Stabilization Reserve Fund for Nursing Homes and Assisted Living Facilities

Sec. 2203.303.  POLICYHOLDER'S STABILIZATION RESERVE FUND FOR NURSING HOMES AND ASSISTED LIVING FACILITIES.  (a)  The policyholder's stabilization reserve fund for nursing homes and assisted living facilities is collected and administered by the association as provided by this section, Section 2203.304, and the plan of operation.(b)  The policyholder's stabilization reserve fund shall be:(1)  credited with:(A)  all policyholder's stabilization reserve fund charges collected under Section 2203.304; and(B)  the net earnings on liability insurance policies issued to nursing homes and assisted living facilities;(2)  charged with any deficit sustained by nursing homes and assisted living facilities from the association's operation during the previous year;(3)  treated as a liability of the association along with, and in the same manner as, premium and loss reserves; and(4)  valued annually by the board of directors as of the close of the preceding year.(c)  The policyholder's stabilization reserve fund under this section, and any earnings of the fund, are state funds and shall be held by the comptroller outside the state treasury on behalf of, and with legal title in, the department.  No part of the fund or the earnings of the fund may inure to the benefit of an association member, a policyholder, or another individual.  The fund assets may be used in accordance with the association's plan of operation only to implement this chapter and for the purposes of the association, including to make payment to satisfy, wholly or partly, the liability of the association regarding a claim made on a policy written by the association.(d)  Notwithstanding Sections 11, 12, and 13, Article 21.49-3, the policyholder's stabilization reserve fund under this section may be terminated only by law.(e)  Notwithstanding Section 11, Article 21.49-3, on termination of the policyholder's stabilization reserve fund under this section, all assets of the fund shall be transferred to the general revenue fund to be appropriated for purposes related to ensuring the provision of the kinds of liability insurance coverage that the association may provide under this chapter to nursing homes and assisted living facilities.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.304 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter G. Policyholder's Stabilization Reserve Funds|Section 2203.304. Policyholder's Stabilization Reserve Fund Charge for Nursing Homes and Assisted Living Facilities

Sec. 2203.304.  POLICYHOLDER'S STABILIZATION RESERVE FUND CHARGE FOR NURSING HOMES AND ASSISTED LIVING FACILITIES.  (a)  Each policyholder that is a nursing home or assisted living facility shall pay annually into the policyholder's stabilization reserve fund under Section 2203.303 a charge that:(1)  is in an amount established annually by advisory directors chosen by nursing homes and assisted living facilities eligible for insurance through the association in accordance with the plan of operation;(2)  is in proportion to each premium payment due for liability insurance through the association; and(3)  is separately stated in the policy.(b)  A charge stated in a policy as required by Subsection (a)(3) is not:(1)  a part of premiums; or(2)  subject to premium taxation or a servicing fee, acquisition cost, or any other similar charge.(c)  If the association offers an installment payment plan for coverage obtained through the association, the association may:(1)  permit payment of the policyholder's stabilization reserve fund charge under this section on an installment basis; or(2)  require the policyholder to pay the charge as an annual lump sum.(d)  Collections of the policyholder's stabilization reserve fund charge under this section shall continue only until the net balance of the policyholder's stabilization reserve fund under Section 2203.303 is not less than the projected sum of premiums for nursing homes and assisted living facilities to be written in the year following the valuation date.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.305 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2203 - Medical Liability Insurance Joint Underwriting Association|Subchapter G. Policyholder's Stabilization Reserve Funds|Section 2203.305. Separate Funds

Sec. 2203.305.  SEPARATE FUNDS.  The policyholder's stabilization reserve fund for physicians and health care providers other than nursing homes and assisted living facilities described by Section 2203.301 is separate from the policyholder's stabilization reserve fund for nursing homes and assisted living facilities described by Section 2203.303.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|