Texas Insurance Code 2211.103 – Recomputation of Reimbursement Ratios
Current as of: 2024 | Check for updates
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If a participating insurer fails to pay an assessment because of the insurer’s insolvency, the association shall immediately recompute the reimbursement ratios to exclude from the ratios the amount of that assessment the commissioner determines is uncollectible, so that the uncollectible amount is assumed by and redistributed among the remaining participating insurers.