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Texas Insurance Code - Section 462.156. Use Of Assessments

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.156. Use Of Assessments

§ 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.           

Last modified: August 11, 2007