reglab/housing_qa huggingface dataset:
TX Ins Code § 2210.056 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.056. Use of Association Assets

Sec. 2210.056.  USE OF ASSOCIATION ASSETS.  (a)  The association's net earnings may not inure, in whole or in part, to the benefit of a private shareholder or individual.(b)  The association's assets may not be used for or diverted to any purpose other than to:(1)  satisfy, in whole or in part, the liability of the association on claims made on policies written by the association;(2)  make investments authorized under applicable law;(3)  pay reasonable and necessary administrative expenses incurred in connection with the operation of the association and the processing of claims against the association;(4)  satisfy, in whole or in part, the obligations of the association incurred in connection with Subchapters B-1, J, and M, including reinsurance, public securities, and financial instruments; or(5)  make remittance under the laws of this state to be used by this state to:(A)  pay claims made on policies written by the association;(B)  purchase reinsurance covering losses under those policies; or(C)  prepare for or mitigate the effects of catastrophic natural events.(c)  On dissolution of the association, all assets of the association, other than assets pledged for the repayment of public securities issued under this chapter, revert to this state.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 14, eff. June 19, 2009.Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 8, eff. September 28, 2011.|
TX Ins Code § 2210.057 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.057. Examination of Association

Sec. 2210.057.  EXAMINATION OF ASSOCIATION.  (a)  The association is subject to Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156 and Subchapter A, Chapter 86.(b)  A final examination report of the association resulting from an examination as provided by this section is a public record and is available to the public at the offices of the department in accordance with Chapter 552, Government Code.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2210.058 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.058. Audit of Association

Sec. 2210.058.  AUDIT OF ASSOCIATION.  (a)  The association is subject to audit by the state auditor and shall pay the costs incurred by the state auditor in performing an audit under this section.(b)  The association shall pay the costs described by Subsection (a) promptly after receipt of a statement from the state auditor's office regarding the amount of those costs.|Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 9, eff. September 28, 2011.|
TX Ins Code § 2210.059 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.059. Claims Practices Audit

Sec. 2210.059.  CLAIMS PRACTICES AUDIT.  (a)  The commissioner, in the manner and at the time the commissioner determines to be necessary, shall conduct a random audit of claim files concerning claims the bases of which are damage to insured property caused by a particular storm to:(1)  determine whether the association is adequately and properly documenting claims decisions in each claim file; and(2)  ensure that each claim is being handled appropriately, including being handled in accordance with the terms of the policy under which the claim is filed.(b)  The department shall conduct an audit required under this section as soon as possible to ensure the quality of the process with which the association is handling claims described by Subsection (a).(c)  If, following an audit conducted under this section, the commissioner determines that the association is not adequately and properly documenting claims decisions or that claims described by Subsection (a) are not otherwise being handled appropriately, the commissioner shall:(1)  notify the board of directors of that determination; and(2)  identify the manner in which the association should correct any deficiencies identified by the commissioner and issue an order to that effect.|Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 9, eff. September 28, 2011.|
TX Ins Code § 2210.060 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.060. Indemnification by Association

Sec. 2210.060.  INDEMNIFICATION BY ASSOCIATION.  (a)  Except as provided by Subsection (b), the association shall indemnify each director, officer, and employee of the association and each member of the association against all costs and expenses actually and necessarily incurred by the person or entity in connection with the defense of an action or proceeding in which the person or entity is made a party because of the person's status as a director, officer, or employee of the association or the member's status as a member of the association.(b)  Subsection (a) does not apply to a matter in which the person or entity is determined in the action or proceeding to be liable because of misconduct in the performance of duties as a director, officer, or employee of the association or a member of the association.(c)  Subsection (a) does not authorize the association to indemnify a member of the association for participating in the assessments made by the association in the manner provided by this chapter.(d)  Indemnification under this section is not exclusive of other rights to which the member or officer may be entitled as a matter of law.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 15, eff. June 19, 2009.|
TX Ins Code § 2210.061 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.061. Contractors and Managerial Employees: Compensation and Bonuses

Sec. 2210.061.  CONTRACTORS AND MANAGERIAL EMPLOYEES: COMPENSATION AND BONUSES.  The association shall post on the association's Internet website any compensation, monetary or otherwise, and any bonus that, when aggregated, exceed $100,000 in a calendar year and that are paid or given by the association to:(1)  a vendor or independent contractor with whom the association has a contract; or(2)  an association employee.|Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 9, eff. September 28, 2011.|
TX Ins Code § 2210.062 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. Administration of Association|Section 2210.062. Administration by Contracted Administrator Authorized

Sec. 2210.062.  ADMINISTRATION BY CONTRACTED ADMINISTRATOR AUTHORIZED.  (a)  Notwithstanding any other law, if determined by the commissioner to be in the best interest of the policyholders and the public, the commissioner may contract with an administrator to manage the association and administer the plan of operation.(b)  The commissioner shall adopt rules as necessary to implement this section if the commissioner determines management of the association and administration of the plan of operation by an administrator is in the best interest of the policyholders and the public.(c)  The administrator must hold either a managing general agent license issued under Chapter 4053 or a third-party administrator certificate of authority issued under Chapter 4151.|Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 4, eff. September 1, 2015.|
TX Ins Code § 2210.071 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.071. Payment of Excess Losses

Sec. 2210.071.  PAYMENT OF EXCESS LOSSES.  (a) If, in a catastrophe year, an occurrence or series of occurrences in a catastrophe area results in insured losses and operating expenses of the association in excess of premium and other revenue of the association, the excess losses and operating expenses shall be paid as provided by this subchapter.(b)  The association may not pay insured losses and operating expenses resulting from an occurrence or series of occurrences in a catastrophe year with premium and other revenue earned in a subsequent year.|Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 16, eff. June 19, 2009.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 10, eff. September 28, 2011.Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 5, eff. September 1, 2015.Acts 2019, 86th Leg., R.S., Ch. 790 (H.B. 1900), Sec. 1, eff. June 10, 2019.|
TX Ins Code § 2210.0715 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.0715. Payment From Reserves and Trust Fund

Sec. 2210.0715.  PAYMENT FROM RESERVES AND TRUST FUND.  (a)  The association shall pay losses resulting from an occurrence or series of occurrences in a catastrophe year in excess of premium and other revenue of the association for that catastrophe year from reserves of the association available before or accrued during that catastrophe year and amounts in the catastrophe reserve trust fund available before or accrued during that catastrophe year.(b)  Proceeds of public securities issued or assessments made before or as a result of any occurrence or series of occurrences in a catastrophe year that results in insured losses may not be included in reserves available for a subsequent catastrophe year for purposes of this section.|Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 5, eff. September 1, 2015.Amended by: Acts 2019, 86th Leg., R.S., Ch. 790 (H.B. 1900), Sec. 2, eff. June 10, 2019.|
TX Ins Code § 2210.0725 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.0725. Payment From Class 1 Assessments

Sec. 2210.0725.  PAYMENT FROM CLASS 1 ASSESSMENTS.  (a)  Losses in a catastrophe year not paid under Sections 2210.0715 and 2210.072 shall be paid as provided by this section from Class 1 member assessments not to exceed $500 million for that catastrophe year.(b)  The association, with the approval of the commissioner, shall notify each member of the amount of the member's assessment under this section.  The proportion of the losses allocable to each insurer under this section shall be determined in the manner used to determine each insurer's participation in the association for the year under Section 2210.052.(c)  A member of the association may not recoup an assessment paid under this section through a premium surcharge or tax credit.|Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 7, eff. September 1, 2015.|
TX Ins Code § 2210.073 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.073. Payment From Class 2 Public Securities

Sec. 2210.073.  PAYMENT FROM CLASS 2 PUBLIC SECURITIES.  (a)  Losses not paid under Sections 2210.0715, 2210.072, and 2210.0725 shall be paid as provided by this section from the proceeds from Class 2 public securities authorized to be issued in accordance with Subchapter M on or after the date of any occurrence or series of occurrences that results in insured losses.  Public securities issued under this section must be paid within a period not to exceed 10 years and may be paid sooner if the board of directors elects to do so and the commissioner approves.(b)  Public securities described by Subsection (a):(1)  shall be issued as necessary in a principal amount not to exceed $250 million per catastrophe year, in the aggregate, whether for a single occurrence or a series of occurrences; and(2)  subject to the maximum described by Subdivision (1), may be issued, in one or more issuances or tranches, during the calendar year in which the occurrence or series of occurrences occurs or, if the public securities cannot reasonably be issued in that year, during the following calendar year.(c)  If the losses are paid with public securities described by this section, the public securities shall be paid in the manner prescribed by Subchapter M.|Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 16, eff. June 19, 2009.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 12, eff. September 28, 2011.Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 8, eff. September 1, 2015.|
TX Ins Code § 2210.074 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.074. Payment Through Class 2 Assessments

Sec. 2210.074.  PAYMENT THROUGH CLASS 2 ASSESSMENTS.  (a)  Losses in a catastrophe year not paid under Sections 2210.0715, 2210.072, 2210.0725, and 2210.073 shall be paid as provided by this section from Class 2 member assessments not to exceed $250 million for that catastrophe year.(b)  The association, with the approval of the commissioner, shall notify each member of the amount of the member's assessment under this section.  The proportion of the losses allocable to each insurer under this section shall be determined in the manner used to determine each insurer's participation in the association for the year under Section 2210.052.(c)  A member of the association may not recoup an assessment paid under this section through a premium surcharge or tax credit.|Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 16, eff. June 19, 2009.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 13, eff. September 28, 2011.Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 9, eff. September 1, 2015.|
TX Ins Code § 2210.0741 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.0741. Payment Through Class 3 Public Securities

Sec. 2210.0741.  PAYMENT THROUGH CLASS 3 PUBLIC SECURITIES.  (a)  Losses not paid under Sections 2210.0715, 2210.072, 2210.0725, 2210.073, and 2210.074 shall be paid as provided by this section from the proceeds from Class 3 public securities authorized to be issued in accordance with Subchapter M on or after the date of any occurrence or series of occurrences that results in insured losses.  Public securities issued under this section must be paid within a period not to exceed 10 years, and may be paid sooner if the board of directors elects to do so and the commissioner approves.(b)  Public securities described by Subsection (a):(1)  shall be issued as necessary in a principal amount not to exceed $250 million per catastrophe year, in the aggregate, whether for a single occurrence or a series of occurrences; and(2)  subject to the maximum described by Subdivision (1), may be issued, in one or more issuances or tranches, during the calendar year in which the occurrence or series of occurrences occurs or, if the public securities cannot reasonably be issued in that year, during the following calendar year.(c)  If the losses are paid with public securities described by this section, the public securities shall be paid in the manner prescribed by Subchapter M.|Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 10, eff. September 1, 2015.|
TX Ins Code § 2210.0742 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.0742. Payment From Class 3 Assessments

Sec. 2210.0742.  PAYMENT FROM CLASS 3 ASSESSMENTS.  (a)  Losses in a catastrophe year not paid under Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741 shall be paid as provided by this section from Class 3 member assessments not to exceed $250 million for that catastrophe year.(b)  The association, with the approval of the commissioner, shall notify each member of the amount of the member's assessment under this section.  The proportion of the losses allocable to each insurer under this section shall be determined in the manner used to determine each insurer's participation in the association for the year under Section 2210.052.(c)  A member of the association may not recoup an assessment paid under this section through a premium surcharge or tax credit.|Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 10, eff. September 1, 2015.|
TX Ins Code § 2210.075 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter B. -1. Payment of Losses|Section 2210.075. Reinsurance

Sec. 2210.075.  REINSURANCE.  (a)  Before any occurrence or series of occurrences, an insurer may elect to purchase reinsurance to cover an assessment for which the insurer would otherwise be liable under this subchapter.(b)  An insurer must notify the board of directors, in the manner prescribed by the association whether the insurer will be purchasing reinsurance.  If the insurer does not elect to purchase reinsurance under this section, the insurer remains liable for any assessment imposed under this subchapter.|Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 16, eff. June 19, 2009.Amended by: Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 14, eff. September 28, 2011.Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 11, eff. September 1, 2015.|
TX Ins Code § 2210.101 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter C. Association Board of Directors; General|Section 2210.101. Accountable to Commissioner

Sec. 2210.101.  ACCOUNTABLE TO COMMISSIONER.  The board of directors is responsible and accountable to the commissioner.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.|
TX Ins Code § 2210.103 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter C. Association Board of Directors; General|Section 2210.103. Terms

Sec. 2210.103.  TERMS.  (a)  Members of the board of directors serve three-year staggered terms, with the terms of three members expiring on the third Tuesday of March of each year.(b)  A person may serve on the board of directors for not more than three consecutive full terms, not to exceed nine years.(c)  A member of the board of directors may be removed by the commissioner with cause stated in writing and posted on the association's website.  The commissioner shall appoint a replacement in accordance with Section 2210.102 for a member who leaves or is removed from the board of directors.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 19, eff. June 19, 2009.Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 13, eff. September 1, 2015.|
TX Ins Code § 2210.1031 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter C. Association Board of Directors; General|Section 2210.1031. Training

Sec. 2210.1031.  TRAINING.  (a)  A person who is appointed to and qualifies for office as a member of the board of directors may not vote, deliberate, or be counted as a member in attendance at a meeting of the board of directors until the person completes a training program that complies with this section.(b)  The training program must provide the person with information regarding:(1)  the law governing the operation of the association;(2)  the programs, functions, rules, and budget of the association;(3)  the scope of and limitations on the rulemaking authority of the board of directors;(4)  the results of the most recent formal audit of the association;(5)  the requirements of: (A)  laws relating to open meetings, public information, administrative procedure, and conflict of interest disclosure; and(B)  other laws applicable to the board of directors in performing the board's duties; and(6)  any applicable ethics policies adopted by the association or the Texas Ethics Commission. (c)  The general manager of the association shall create a training manual that includes the information required by Subsection (b).  The general manager shall distribute a copy of the training manual annually to each member of the board of directors.  Each member of the board of directors shall sign and submit to the general manager a statement acknowledging that the member received and has reviewed the training manual.|Added by Acts 2019, 86th Leg., R.S., Ch. 525 (S.B. 615), Sec. 4, eff. September 1, 2019.|
TX Ins Code § 2210.104 (2021)
2021 Texas Statutes|Insurance Code|Title 10 - Property and Casualty Insurance|Subtitle G - Pools, Groups, Plans, and Self-Insurance|Chapter 2210 - Texas Windstorm Insurance Association|Subchapter C. Association Board of Directors; General|Section 2210.104. Officers

Sec. 2210.104.  OFFICERS.  The board of directors shall elect from the board's membership an executive committee consisting of a presiding officer, assistant presiding officer, and secretary-treasurer. |Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 20, eff. June 19, 2009.|