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Texas Insurance Code - Section 462.158. Advance As Loan

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.158. Advance As Loan

§ 462.158. ADVANCE AS LOAN.  Money advanced by the 
association under this chapter is considered a special fund loan to 
the impaired insurer for payment of covered claims and does not 
become an asset of the impaired insurer.  The loan is repayable to 
the extent money from the impaired insurer is available.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 10, 2007