Insurance Code › Title 12 › Chapter 3502 › Subchapter D

Texas Insurance Code § 3502.151

Definition

Mortgage Guaranty Insurance · Financial Requirements

In this subchapter, "contingency reserve" means an additional premium reserve established to protect policyholders against the effect of adverse economic cycles or losses.

Official text of the Texas Insurance Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.