Texas Insurance Code - Not Codified

§ 21.49-3c — TEXAS NONPROFIT ORGANIZATION LIABILITY INSURANCE UNDERWRITING ASSOCIATION

I1 § 21.49-3cTitle 1. THE INSURANCE CODE OF 1951 · Ch. 21. GENERAL PROVISIONS · Art. E. MISCELLANEOUS PROVISIONS

Statute text

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Sec. 1. DEFINITIONS. In this article:

(1)"Association" means the Texas Nonprofit Organization Liability Insurance Underwriting Association.

(2)"Board" means the State Board of Insurance.

(3)"Board of directors" means the board of directors of the association.

(4)"Fund" means the policyholder stabilization reserve fund.

(5)"Net direct premiums" means gross direct premiums written on automobile liability and liability other than automobile insurance written under this code, less the total of the policyholder dividends, return premiums for the unused or unabsorbed portion of premium deposits, and return premiums on canceled contracts written on those liability risks.

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Legislative history

Added by Acts 1987, 70th Leg., 1st C.S., ch. 1, Sec. 5.06, eff. Sept. 2, 1987. Sec. 6 amended by Acts 1991, 72nd Leg., ch. 242, Sec. 9.13, eff. Sept. 1, 1991.