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Texas Administrative Code (Last Updated: March 27,2024) |
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TITLE 28. INSURANCE |
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PART 1. TEXAS DEPARTMENT OF INSURANCE |
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CHAPTER 5. PROPERTY AND CASUALTY INSURANCE |
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SUBCHAPTER E. TEXAS WINDSTORM INSURANCE ASSOCIATION |
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DIVISION 3. LOSS FUNDING, INCLUDING CATASTROPHE RESERVE TRUST FUND, FINANCING ARRANGEMENTS, AND PUBLIC SECURITIES |
DIVISION 3. LOSS FUNDING, INCLUDING CATASTROPHE RESERVE TRUST FUND, FINANCING ARRANGEMENTS, AND PUBLIC SECURITIES
| § 5.4101. Applicability |
| § 5.4102. Definitions |
| § 5.4111. Operation of the Catastrophe Reserve Trust Fund |
| § 5.4112. Termination of Catastrophe Reserve Trust Fund |
| § 5.4113. Investments of Catastrophe Reserve Trust Fund |
| § 5.4114. Disbursements from the Catastrophe Reserve Trust Fund |
| § 5.4121. Financing Arrangements |
| § 5.4123. Public Securities Request, Approval, and Issuance |
| § 5.4124. Issuance of Class 1 Public Securities before a Catastrophic Event |
| § 5.4125. Issuance of Public Securities after a Catastrophic Event |
| § 5.4126. Determination of the Association Surcharge Percentage |
| § 5.4127. Contingent Sources of Payment for Class 2 and Class 3 Public Securities |
| § 5.4133. Public Security Proceeds |
| § 5.4134. Excess Public Security Proceeds |
| § 5.4135. Marketable Public Securities; the Amount of Class 1 Public Securities that Cannot be Issued; Market Conditions and Requirements; and Cost-Benefit Analysis |
| § 5.4136. Association Rate Filings |
| § 5.4141. Class 1 Public Security Trust Fund |
| § 5.4142. Class 2 and Class 3 Public Security Trust Funds |
| § 5.4143. Premium Surcharge Trust Fund |
| § 5.4144. Excess Premium Surcharge Revenue |
| § 5.4145. Excess Net Premium and Other Revenue |
| § 5.4160. Member Assessments to Pay for Reinsurance in Excess of the Association's Statutory Minimum Funding Level |
| § 5.4161. Member Assessments Other than Assessments for Reinsurance in Excess of the Association's Statutory Minimum Funding Level |
| § 5.4162. Amount of Assessment |
| § 5.4163. Notice of Assessment |
| § 5.4164. Payment of Assessment |
| § 5.4165. Failure to Pay Assessment |
| § 5.4166. Contest After Payment of Assessment |
| § 5.4167. Inability to Pay Assessment by Reason of Insolvency |
| § 5.4171. Premium Surcharge Requirements |
| § 5.4172. Premium Surcharge Definitions |
| § 5.4173. Determination of the Contingent Surcharge Percentage |
| § 5.4181. Premiums to be Surcharged |
| § 5.4182. Method for Determining the Premium Surcharges |
| § 5.4184. Application of Premium Surcharges |
| § 5.4185. Mandatory Premium Surcharge Collection |
| § 5.4186. Remittance of Contingent Surcharges |
| § 5.4187. Offsets |
| § 5.4188. Association Surcharges not Subject to Commissions or Premium Taxes; Contingent Surcharges Not Subject to Commissions |
| § 5.4189. Notification Requirements |
| § 5.4190. Annual Premium Surcharge Report |
| § 5.4191. Premium Surcharge Reconciliation Report |
| § 5.4192. Data Collection |