In this subchapter, "catastrophic event" means an occurrence or a series of occurrences that:

1. (1) occurs in a catastrophe area during a calendar year; and
2. (2) results in insured losses and operating expenses of the association in excess of premium and other revenue of the association.

Added by Acts 2025, 89th Leg., R.S., Ch. 895 (H.B. 3689), Sec. 1.15, eff. September 1, 2025.