Texas Insurance Code - Section 462.009. Applicability To Former Texas Workers' Compensation Insurance Facility And Successor
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§ 462.009. APPLICABILITY TO FORMER TEXAS WORKERS'
COMPENSATION INSURANCE FACILITY AND SUCCESSOR. (a)
Notwithstanding any other provision of this chapter, this chapter
applies to each insurance policy issued under Article 5.76 or
5.76-2, as those articles existed before their repeal.
(b) Notwithstanding any other provision of this chapter,
the stock insurance company that resulted from the transfer of the
former Texas workers' compensation insurance facility is
considered an impaired insurer for purposes of this chapter if any
action described by Section 462.004(5) is taken with respect to the
company.
(c) A claim under an insurance policy described by
Subsection (a) is a covered claim for purposes of this chapter if
the claim is a covered claim for purposes of Sections
462.201-462.203, 462.205-462.210, 462.213, 462.214, and 462.305
without regard to whether the stock insurance company described by
Subsection (b):
(1) issued or assumed the policy; or
(2) was authorized to engage in business in this state
at the time:
(A) the policy was written; or
(B) the company became an impaired insurer.
(d) If a conflict exists between this section and any other
statute relating to the former Texas workers' compensation
insurance facility or the association, this section controls.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.002 462.003 462.004 462.005 462.006 462.007 462.008 462.009 462.010 462.011 462.012 462.013 462.014 462.015 462.016
Last modified: August 11, 2007
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