Tex. Insurance Code - Not Codified § 14
This is the official text of Tex. Insurance Code - Not Codified § 14, part of Texas’s Insurance Code - Not Codified — insurance-related Texas statutes that have not yet been consolidated into the main Insurance Code.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 14. POLICYHOLDER STABILIZATION RESERVE FUND.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.