1. (a) This section applies only to a member insurer that is an insolvent insurer.

2. (b) The association shall provide money, pledges, guarantees, or other means reasonably necessary to discharge the insurer's duties and to:

   1. (1) guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the insurer's policies or contracts; or
   2. (2) ensure payment of the insurer's contractual obligations.

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

Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 18, eff. September 1, 2019.