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Texas Insurance Code - INS § 2203.251. Deficit Recoupment

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) This section applies to a deficit sustained in a single year by the association with respect to:

(1) physicians and health care providers, other than nursing homes and assisted living facilities; or

(2) a nursing home or assisted living facility.

(b) The deficit must be recouped in accordance with the plan of operation and the rating plan in effect when the deficit is sustained under one or more of the following procedures, in this sequence:

(1) a contribution from the policyholder's stabilization reserve fund established under Section 2203.301 or the policyholder's stabilization reserve fund established under Section 2203.303, as appropriate, until the respective fund is exhausted;

(2) an assessment on the policyholders in accordance with Section 2203.252; or

(3) an assessment on the members in accordance with Sections 2203.055(c) and (d) and 2203.253.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2203.251. Deficit Recoupment - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2203-251/

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