Texas § IN.463.157 - REFUNDS
Full text of Texas The Texas Constitution § IN.463.157 — REFUNDS, with citation guidance and answers to common questions.
§ IN.463.157. REFUNDS
REFUNDS. (a) The board may refund to member insurers the amount by which the association's assets, including any net realized gains and income from investments, exceed the amount the board determines is necessary to carry out the association's obligations regarding that amount during the next year. (b) A refund must be made: (1) by an equitable method established in the plan of operation; and (2) in proportion to the contribution of each member insurer. (c) The board may retain a reasonable amount to provide for the association's continuing expenses and for future losses if refunds are impractical. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.463.157
What does The Texas Constitution § IN.463.157 cover?
Section IN.463.157 ("REFUNDS") 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.463.157?
A common citation format is "The Texas Constitution § IN.463.157" (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.463.157 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.