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Texas Insurance Code - Not Codified - Section 21A.254. Claims Under Occurrence Policies, Surety Bonds, And Surety Undertakings

Legal Research Home > Texas Lawyer > Insurance Code - Not Codified > Texas Insurance Code - Not Codified - Section 21A.254. Claims Under Occurrence Policies, Surety Bonds, And Surety Undertakings

Sec. 21A.254. CLAIMS UNDER OCCURRENCE POLICIES, SURETY
BONDS, AND SURETY UNDERTAKINGS.  (a) Subject to the provisions of
Section 21A.253, any insured has the right to file a claim for the
protection afforded under the insured's policy, regardless of
whether a claim is known at the time of filing, if the policy is an
occurrence policy.
	(b)  Subject to the provisions of Section 21A.253, an obligee
under a surety bond or surety undertaking has the right to file a
claim for the protection afforded under the surety bond or surety
undertaking issued by the insurer under which the obligee is the
beneficiary, regardless of whether a claim is known at the time of
filing.
	(c)  After a claim is filed under Subsection (a) or (b), at
the time that a specific claim is made by or against the insured or
by the obligee, the insured or the obligee shall supplement the
claim, and the receiver shall treat the claim as a contingent or
unliquidated claim under Section 21A.255.

Added by Acts 2005, 79th Leg., ch. 995, Sec. 1, eff. Sept. 1, 2005.

Last modified: August 11, 2007