STATE NOT TO IMPAIR FINANCING ARRANGEMENT OBLIGATION.
Tex. INS Code § 2210.636.
in effectThe state pledges for the benefit and protection of financing parties that the state will not take or permit any action that would:
(1) impair the collection of premium surcharges or the deposit of that money into the applicable fund;
(2) reduce, alter, or impair the premium surcharges to be imposed, collected, and remitted to financing parties until the principal, interest, and premium and any other charges incurred and contracts to be performed in connection with the related financing arrangement obligations have been paid and performed in full; or
(3) in any way impair the rights and remedies of the parties to a financing arrangement entered into under Section 2210.632 before the financing arrangement is fully discharged.
Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689 ), Sec. 1.15, eff. September 1, 2025.