Texas § IN.2210.6131 - PAYMENT OF CLASS 3 PUBLIC SECURITIES
Full text of Texas The Texas Constitution § IN.2210.6131 — PAYMENT OF CLASS 3 PUBLIC SECURITIES, with citation guidance and answers to common questions.
§ IN.2210.6131. PAYMENT OF CLASS 3 PUBLIC SECURITIES
PAYMENT OF CLASS 3 PUBLIC SECURITIES. (a) The association shall pay Class 3 public securities issued under Section 2210.0741 from: (1) net premium and other revenue; and (2) if net premium and other revenue are not sufficient to pay the securities, a catastrophe area premium surcharge collected in accordance with this section. (b) On approval by the commissioner, the association shall assess, as provided by this section, a premium surcharge to each policyholder of a policy described by Subsection (c). The premium surcharge must be set in an amount sufficient to pay, for the duration of the issued public securities, all debt service not already covered by available funds and all related expenses on the public securities. (c) The premium surcharge under this section shall be assessed on all policyholders of association policies issued under this chapter. (d) A premium surcharge under this section is a separate charge in addition to the premiums collected and is not subject to premium tax or commissions. Failure by a policyholder to pay the surcharge constitutes failure to pay premium for purposes of policy cancellation. Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900 ), Sec. 27, eff. September 1, 2015. Repealed by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.17(2), eff. September 1, 2027. Text of section effective until September 01, 2027
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2210.6131
What does The Texas Constitution § IN.2210.6131 cover?
Section IN.2210.6131 ("PAYMENT OF CLASS 3 PUBLIC SECURITIES") 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 § IN.2210.6131?
A common citation format is "The Texas Constitution § IN.2210.6131" (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 § IN.2210.6131 apply to my situation?
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Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.