Sec. 14. POLICYHOLDER STABILIZATION RESERVE FUND.    (a)  The policyholder stabilization reserve fund is created and shall be administered as provided by this article and the plan of operation.
(b) Each policyholder shall pay to the fund annually an amount determined annually by the board of directors as provided by the plan of operation.
(c) The charge shall be computed in proportion to each premium payment due for liability insurance through the association.
(d) The policy shall state the charge separately.  The charge is not part of the premium and is not subject to premium taxes, servicing fees, acquisition costs, or any other similar charges.
(e) The association shall collect money for and administer the fund, and the fund shall be treated as a liability of the association along with and in the same manner as premium and loss reserves.
(f) The board of directors shall value the fund annually at the close of the last preceding year.
(g) The association shall continue to collect the charge until the time the net balance of the fund is not less than the projected sum of premiums to be written in the year following the valuation date under Subsection (f) of this section.
(h) All charges collected from policyholders shall be credited to the fund, and the fund shall be charged with any deficit from operations of the association during the previous year.
Sec. 15. APPEAL.    (a)  A person insured or applying for insurance under this article or his authorized representative or an affected insurer who may be aggrieved by an act, ruling, or decision of the association may appeal the act, ruling, or decision to the board of directors not later than the 30th day after the date on which the act took place or the ruling or decision was issued.
(b) The board of directors shall hold a hearing on the appeal not later than the 30th day after the date the appeal is filed and shall give at least 10 days' written notice of the time and place of the hearing to the person filing the appeal or his authorized representative.
(c) Not later than the 10th day after the date the hearing ends, the board of directors shall issue an order affirming, reversing, or modifying the appealed act, ruling, or decision.
(d) A person or entity that is a party to an appeal under Subsection (a) of this section may appeal the board of directors' decision to the board.
(e) The board shall hold a hearing on an appeal filed under Subsection (d) of this section not later than the 30th day after the date on which the appeal is filed with the board and shall give written notice to any person or entity filing the appeal or his authorized representative not later than the 10th day before the date on which the appeal is to be heard.
(f) Not later than the 30th day after the date on which the board's hearing ends, the board shall decide the appeal and shall issue an order.
(g) Pending a hearing and decision on an appeal to the board, the board may suspend or postpone the effective date of the decision appealed.
(h) A final decision of the board may be appealed as provided by Subsection (f), Article 1.04, of this code.
Sec. 16. IMMUNITY.  The association, its agents and employees, an insurer, a licensed agent, or the board or its authorized representatives are not liable for any statements made in good faith by them.
Sec. 17. ANNUAL STATEMENTS.    (a)  The association shall file with the board a statement that includes information with respect to its transactions, condition, operations, and affairs during the preceding calendar year.  This statement must be filed each year on or before March 1.
(b) The statement shall include those matters and that information that is required by the board and shall be in the form approved by the board.
(c) The board may require the association to furnish additional information with regard to the association's transactions, condition, or any matter connected with its transactions and condition considered to be material and of assistance in evaluating the scope, operation, and experience of the association.
Sec. 18. EXAMINATIONS.  The board shall make an examination into the affairs of the association at least annually.  The examination shall be conducted, the report of the examination filed, and the expenses borne and paid in the manner provided by Articles 1.15 and 1.16 of this code.
Sec. 19. FILING INFORMATION WITH STATE.  The association shall collect the data, information, and statements and shall file with the board the reports and statements required by Articles 1.24A and 1.24B of this code.