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Texas Insurance Code - Section 462.159. Estimate Of Additional Money Needed On Impairment Of Insurer

Legal Research Home > Texas Lawyer > Insurance Code > Texas Insurance Code - Section 462.159. Estimate Of Additional Money Needed On Impairment Of Insurer

§ 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON 
IMPAIRMENT OF INSURER.  (a) If the commissioner determines that an 
insurer has become an impaired insurer, the association shall 
promptly estimate the amount of additional money, by lines of 
business, needed to supplement the immediately available assets of 
the impaired insurer to pay covered claims.
	(b)  The board shall make additional money available as the 
actual need arises for each impaired insurer.

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

Last modified: August 10, 2007