86th Texas Legislature, Regular Session, Senate Bill 1153, Chapter 432 Page: 12 of 28
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S.B. No. 1153
1 assessment and the other assets of the association do not provide in
2 a year an amount sufficient to carry out the association's
3 responsibilities, the association shall make necessary additional
4 assessments as soon as this chapter permits.
5 SECTION 12. Sections 463.154 and 463.201, Insurance Code,
6 are amended to read as follows:
7 Sec. 463.154. DEFERMENT. The association may wholly or
8 partly defer an assessment on [-f] a member insurer if the
9 association believes payment of the assessment would endanger the
10 ability of the insurer to fulfill the insurer's contractual
11 obligations. The amount of the assessment that is deferred may be
12 assessed against the other member insurers in a manner consistent
13 with this subchapter.
14 Sec. 463.201. PERSONS [INSURE.D] COVERED. (a) Subject to
15 Subsections (b) and (c), this chapter provides coverage for a
16 policy or contract described by Section 463.202 to a person who is:
17 (1) a person, other than a certificate holder under a
18 group policy or contract who is not a resident, who is a
19 beneficiary, assignee, or payee, including a health care provider
20 who renders services covered under a health insurance policy or
21 certificate, of a person described by Subdivision (2);
22 (2) a person who is an owner of or certificate holder
23 or enrollee under a policy or contract specified by Section
24 463.202, other than an unallocated annuity contract or structured
25 settlement annuity, and who is:
26 (A) a resident; or
27 (B) not a resident, but only under all of the12
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Texas. Legislature. Senate. 86th Texas Legislature, Regular Session, Senate Bill 1153, Chapter 432, legislative document, June 4, 2019; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth1201788/m1/12/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.