Texas § I1.14 - POLICYHOLDER STABILIZATION RESERVE FUND
Full text of Texas The Texas Constitution § I1.14 — POLICYHOLDER STABILIZATION RESERVE FUND, with citation guidance and answers to common questions.
§ I1.14. POLICYHOLDER STABILIZATION RESERVE FUND
POLICYHOLDER STABILIZATION RESERVE FUND. (a) The policyholder stabilization reserve fund is created and shall be administered as provided by this article and the plan of operation. (b) Each policyholder shall pay to the fund annually an amount determined annually by the board of directors as provided by the plan of operation. (c) The charge shall be computed in proportion to each premium payment due for liability insurance through the association. (d) The policy shall state the charge separately. The charge is not part of the premium and is not subject to premium taxes, servicing fees, acquisition costs, or any other similar charges. (e) The association shall collect money for and administer the fund, and the fund shall be treated as a liability of the association along with and in the same manner as premium and loss reserves. (f) The board of directors shall value the fund annually at the close of the last preceding year. (g) The association shall continue to collect the charge until the time the net balance of the fund is not less than the projected sum of premiums to be written in the year following the valuation date under Subsection (f) of this section. (h) All charges collected from policyholders shall be credited to the fund, and the fund shall be charged with any deficit from operations of the association during the previous year.
Frequently Asked Questions About Texas § I1.14
What does The Texas Constitution § I1.14 cover?
Section I1.14 ("POLICYHOLDER STABILIZATION RESERVE FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § I1.14?
A common citation format is "The Texas Constitution § I1.14" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § I1.14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.