Sec. 2211.105. RETENTION AND USE OF PROFITS BY ASSOCIATION

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(a) The association shall retain any profits of the association to be used for the purposes of the association.
(b) The association:
(1) shall use the profits to mitigate losses, including purchasing reinsurance and offsetting future assessments; and
(2) may not distribute the profits to insurers.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.

                    
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