Texas Insurance Code - Section 462.156. Use Of Assessments
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§ 462.156. USE OF ASSESSMENTS. (a) The amounts provided
under assessments made under this chapter supplement the
marshalling of assets by the receiver under Chapter 442 to make
payments on the impaired insurer's behalf.
(b) This section does not require the receiver to exhaust
the assets of the impaired insurer before an assessment is made or
before money derived from an assessment may be used to pay covered
claims.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.113 462.114 462.151 462.152 462.153 462.154 462.155 462.156 462.157 462.158 462.159 462.160 462.161 462.162 462.163
Last modified: August 10, 2007
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