reglab/housing_qa huggingface dataset:
TX Ins Code § 2203.351 (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 H. Revenue Bond Program|Section 2203.351. Purpose

Sec. 2203.351.  PURPOSE.  The legislature finds that the issuance of bonds to provide a method to raise funds to provide professional liability insurance for nursing homes and assisted living facilities in this state through the association is to benefit the public and to further a public purpose.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.352 (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 H. Revenue Bond Program|Section 2203.352. Definitions

Sec. 2203.352.  DEFINITIONS.  In this subchapter:(1)  "Board" means the board of directors of the Texas Public Finance Authority.(2)  "Bond resolution" means the resolution or order authorizing bonds to be issued under this subchapter.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.353 (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 H. Revenue Bond Program|Section 2203.353. Applicability of Other Laws

Sec. 2203.353.  APPLICABILITY OF OTHER LAWS.  The following laws apply to bonds issued under this subchapter to the extent consistent with this subchapter:(1)  Chapters 1201, 1202, 1204, 1205, 1231, 1232, and 1371, Government Code; and(2)  Subchapter A, Chapter 1206, Government Code.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.354 (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 H. Revenue Bond Program|Section 2203.354. Issuance of Bonds Authorized

Sec. 2203.354.  ISSUANCE OF BONDS AUTHORIZED.  On behalf of the association and subject to Section 2203.355, the Texas Public Finance Authority shall issue revenue bonds to:(1)  fund the policyholder's stabilization reserve fund for nursing homes and assisted living facilities under Section 2203.303;(2)  pay costs related to issuing the bonds; and(3)  pay other costs related to the bonds as determined by the board.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.355 (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 H. Revenue Bond Program|Section 2203.355. Limitation on Amount of Bonds

Sec. 2203.355.  LIMITATION ON AMOUNT OF BONDS.  The Texas Public Finance Authority may issue on behalf of the association bonds in a total amount not to exceed $75 million.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.356 (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 H. Revenue Bond Program|Section 2203.356. Terms of Issuance

Sec. 2203.356.  TERMS OF ISSUANCE.  (a)  Bonds issued under this subchapter may be issued at a public or private sale.(b)  Bonds must:(1)  be issued in the name of the association; and(2)  mature not more than 10 years after the date issued.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.357 (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 H. Revenue Bond Program|Section 2203.357. Contents of Bond Resolution; Administration of Accounts

Sec. 2203.357.  CONTENTS OF BOND RESOLUTION; ADMINISTRATION OF ACCOUNTS.  (a)  In a bond resolution, the board may:(1)  provide for the flow of funds and the establishment, maintenance, and investment of funds and special accounts with regard to the bonds, including an interest and sinking fund account, a reserve account, and other accounts; and(2)  make additional covenants with regard to the bonds and the designated income and receipts of the association pledged to the payment of the bonds.(b)  The association shall administer the accounts in accordance with this chapter.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.358 (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 H. Revenue Bond Program|Section 2203.358. Source of Payment

Sec. 2203.358.  SOURCE OF PAYMENT.  (a)  Bonds issued under this subchapter are payable only from:(1)  the surcharge fee established under Section 2203.359; or(2)  other sources the association is authorized to levy and charge and from which the association is authorized to collect in connection with paying any portion of the bonds.(b)  The bonds are obligations solely of the association and do not create a pledge, gift, or loan of the faith, credit, or taxing authority of this state.(c)  Each bond must:(1)  include a statement that the state is not obligated to pay any amount on the bond and that the faith, credit, and taxing authority of this state are not pledged, given, or loaned to those payments; and(2)  state on the bond's face that the bond:(A)  is payable solely from the revenue pledged for that purpose; and(B)  is not a legal or moral obligation of the state.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.359 (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 H. Revenue Bond Program|Section 2203.359. Surcharge Fee

Sec. 2203.359.  SURCHARGE FEE.  (a)  A surcharge fee is assessed against:(1)  each association member; and(2)  the association.(b)  The commissioner shall set the surcharge fee in an amount sufficient to pay all debt service on the bonds issued under this subchapter.  Each association member and the association shall pay the surcharge fee as required by the commissioner by rule.(c)  The comptroller shall collect the surcharge fee and the department shall reimburse the comptroller in the manner described by Section 201.052.(d)  The commissioner, in consultation with the comptroller, may coordinate payment and collection of the surcharge fee with other payments made by association members and collected by the comptroller.(e)  Except as provided by Subsection (f), as a condition of engaging in the business of insurance in this state, an association member agrees that, if the member leaves the liability insurance market in this state, the member remains obligated to pay the member's share of the surcharge fee assessed under this section until the bonds are retired.  The amount assessed against a member under this subsection must be:(1)  proportionate to the member's share of the liability insurance market, including automobile liability insurance, in this state as of the last complete reporting period before the date the member ceases to engage in the liability insurance business in this state; and(2)  based on the member's gross premiums for liability insurance, including automobile liability insurance, for the member's last reporting period.(f)  An association member is not required to pay the proportionate amount under Subsection (e) in any year in which the surcharge fee assessed against association members continuing to write liability insurance in this state is sufficient to service the bond obligation.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.360 (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 H. Revenue Bond Program|Section 2203.360. Exemption From Taxation

Sec. 2203.360.  EXEMPTION FROM TAXATION.  Bonds issued under this subchapter, any interest from the bonds, and all assets pledged to secure the payment of the bonds are exempt from taxation by the state or a political subdivision of this state.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.361 (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 H. Revenue Bond Program|Section 2203.361. Authorized Investments

Sec. 2203.361.  AUTHORIZED INVESTMENTS.  Bonds issued under this subchapter are authorized investments under Subchapter B, Chapter 424, and Subchapter D, Chapter 425.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.362 (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 H. Revenue Bond Program|Section 2203.362. State Pledge Regarding Bond Owner Rights and Remedies

Sec. 2203.362.  STATE PLEDGE REGARDING BOND OWNER RIGHTS AND REMEDIES.  (a)  The state pledges to and agrees with the owners of bonds issued in accordance with this subchapter that the state will not limit or alter the rights vested in the association to fulfill the terms of agreements made with the owners or impair the rights and remedies of the owners until the following obligations are fully discharged:(1)  the bonds;(2)  any bond premium;(3)  interest; and(4)  all costs and expenses related to an action or proceeding by or on behalf of the owners.(b)  The association may include the state's pledge and agreement under Subsection (a) in an agreement with the owners of the bonds.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.363 (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 H. Revenue Bond Program|Section 2203.363. Payment Enforceable by Mandamus

Sec. 2203.363.  PAYMENT ENFORCEABLE BY MANDAMUS.  A writ of mandamus and any other legal or equitable remedy are available to a party in interest to require the association or another party to fulfill an agreement or perform a function or duty under:(1)  this subchapter;(2)  the Texas Constitution; or(3)  a bond resolution.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.401 (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 I. Appeals|Section 2203.401. Definition

Sec. 2203.401.  DEFINITION.  In this subchapter, "act" includes a ruling or decision.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.402 (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 I. Appeals|Section 2203.402. Appeal to Board of Directors; Hearing

Sec. 2203.402.  APPEAL TO BOARD OF DIRECTORS; HEARING.  (a)  A person insured or applying for insurance under this chapter, the person's authorized representative, or an affected insurer that may be aggrieved by an act of the association may appeal to the board of directors not later than the 30th day after the date the act occurs.  At the time the person is notified of the act, the association shall provide to the person written notice of the person's right to appeal under this subsection.(b)  The board of directors shall:(1)  hear an appeal brought under Subsection (a) not later than the 30th day after the date the board of directors receives the appeal; and(2)  give not less than 10 days' written notice of the time and place of the hearing to the person bringing the appeal or the person's authorized representative.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.403 (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 I. Appeals|Section 2203.403. Decision of Board of Directors

Sec. 2203.403.  DECISION OF BOARD OF DIRECTORS.  (a)  Not later than the 10th day after the date of the hearing under Section 2203.402(b), the board of directors shall affirm, reverse, or modify the board's previous action or the appealed act.(b)  At the time the person is notified of the final action of the board of directors, the association shall provide to the person written notice of the person's right to appeal under Section 2203.404.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.404 (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 I. Appeals|Section 2203.404. Appeal to Commissioner; Hearing

Sec. 2203.404.  APPEAL TO COMMISSIONER; HEARING.  (a)  Not later than the 30th day after the date of the final action of the board of directors under Section 2203.403, a person insured or applying for insurance aggrieved by that final action may appeal to the commissioner by making a written request for a hearing.(b)  The appeal shall be heard not later than the 30th day after the date the appeal is received.  The person bringing the appeal or the person's authorized representative must be given written notice of the time and place of the hearing on or before the 10th day before the date of the hearing.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.405 (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 I. Appeals|Section 2203.405. Commissioner's Decision

Sec. 2203.405.  COMMISSIONER'S DECISION.  (a)  Not later than the 30th day after the date of the hearing under Section 2203.404, the commissioner shall affirm, reverse, or modify the appealed act.(b)  Pending the hearing and decision, the commissioner may suspend or postpone the effective date of a rule or of the act appealed.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2203.406 (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 I. Appeals|Section 2203.406. Appeal of Commissioner's Decision

Sec. 2203.406.  APPEAL OF COMMISSIONER'S DECISION.  (a)  The association or a person aggrieved by an order or decision of the commissioner may appeal in accordance with Subchapter D, Chapter 36.(b)  At the time the person is notified of the commissioner's order or decision, the commissioner shall provide to the person written notice of the person's right to appeal under this section.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.001 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter A. General Provisions|Section 2204.001. Definitions

Sec. 2204.001.  DEFINITIONS.  In this chapter:(1)  "Directors" means the board of directors of the exchange.(2)  "Exchange" means the Texas Insurance Exchange.(3)  "Member" means a person, firm, corporation, or underwriting syndicate authorized by the directors to insure or reinsure risks through the exchange.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.002 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter A. General Provisions|Section 2204.002. Exemption

Sec. 2204.002.  EXEMPTION.  (a)  This chapter, Chapters 251 and 261, and rules adopted by the commissioner or comptroller, as applicable, apply to the exchange, a member, and insurance and reinsurance written through the exchange, except to the extent exempted by rules adopted by the commissioner or comptroller, as applicable.(b)  An exemption may not be:(1)  unfairly discriminatory; or(2)  detrimental to the solvency of an insurer authorized to engage in the business of insurance in this state.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.003 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter A. General Provisions|Section 2204.003. Rules

Sec. 2204.003.  RULES.  The commissioner shall  adopt rules for the operation and management of the exchange. |Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.051 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter B. Operation and Management|Section 2204.051. Purpose of Exchange; Specific Authorization for Certain Insurance

Sec. 2204.051.  PURPOSE OF EXCHANGE; SPECIFIC AUTHORIZATION FOR CERTAIN INSURANCE.  (a)  The exchange shall provide a facility for underwriting:(1)  reinsurance of any kind of insurance;(2)  direct insurance of any kind of risk located entirely outside the United States;(3)  direct insurance of any kind of risk that:(A)  is located in another state; and(B)  qualifies for placement under the excess and surplus lines requirements of the jurisdiction in which the risk is located; and(4)  a risk located in this state that has been submitted to and certified as rejected by a committee representing at least three and not more than seven insurers authorized to engage in the business of insurance in this state and subject to conditions imposed by rules adopted by the commissioner.(b)  For purposes of Chapter 101, insurance or reinsurance a member writes to cover a risk described by Subsection (a)(4) is considered to be specifically authorized by the laws of this state. |Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.052 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter B. Operation and Management|Section 2204.052. Operation of Exchange

Sec. 2204.052.  OPERATION OF EXCHANGE.  The exchange shall operate under:(1)  a constitution and bylaws adopted by the exchange and approved by the department; and(2)  rules adopted by the commissioner under Section 2204.003. |Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.053 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter B. Operation and Management|Section 2204.053. Constitution and Bylaws

Sec. 2204.053.  CONSTITUTION AND BYLAWS.  (a)  In this section:(1)  "Principal office" means an office at which officers and personnel who are engaged in administration, underwriting, claims adjustment, policyholders' service, marketing, accounting, recordkeeping, and support services are located.(2)  "Subscriber" means a person, firm, corporation, or other organization that, on payment of fees or dues required by the constitution and bylaws, the directors designate as a subscriber.(b)  The constitution and bylaws of the exchange must provide for:(1)  the election of nine directors, four of whom represent the public interest and are not members, subscribers, or agents of the exchange;(2)  the locations of the principal offices of the exchange and the members in this state for transacting business described by Section 2204.051(a);(3)  the submission by the exchange, members, and applicants for membership in the exchange of financial information required by rules adopted by the commissioner;(4)  the establishment and maintenance by the exchange of a security fund in a form and amount specified by rules adopted by the commissioner;(5)  the voting power of members; and(6)  members' rights and duties, including the manner of conducting business, financial stability, dues, membership fees, mandatory arbitration, and any other matter necessary or appropriate to conduct business authorized by this chapter.(c)  For an agent transacting business on the exchange to participate in the operation and management of the exchange, the constitution and bylaws of the exchange must provide for the voting power and other rights granted to a nonprofit corporation under the Business Organizations Code.(c-1)  Expired.(c-2)  Expired.(d)  In a manner that complies with the requirements adopted under this section, the exchange may, with the department's approval, amend the exchange's constitution or bylaws in accordance with the terms of the constitution and bylaws.(e)  The constitution, a bylaw, or an amendment to the constitution or a bylaw is invalid without the department's approval.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2204.054 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2204 - Texas Insurance Exchange|Subchapter B. Operation and Management|Section 2204.054. Directors

Sec. 2204.054.  DIRECTORS.  (a)  The directors shall operate and manage the exchange in accordance with rules adopted under Section 2204.003.(b)  The directors shall be elected by the members and any other person authorized by the exchange's constitution and bylaws to vote in an election of directors.(c)  At least two-thirds of the directors must be citizens of the United States.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|