Texas Insurance Code - Section 462.201. Covered Claims In General
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§ 462.201. COVERED CLAIMS IN GENERAL. A claim is a
covered claim if:
(1) the claim is an unpaid claim;
(2) the claim is made under an insurance policy to
which this chapter applies that is:
(A) issued by an insurer authorized to engage in
business in this state; or
(B) assumed by an insurer authorized to engage in
business in this state that issues an assumption certificate to the
insured;
(3) the claim arises out of the policy and is within
the coverage and applicable limits of the policy;
(4) the insurer that issued the policy or assumed the
policy under an assumption certificate issued to the insured is an
impaired insurer; and
(5) the claim:
(A) is made by a liability claimant or insured
who is a resident of this state at the time of the insured event; or
(B) is a first-party claim for damage to property
that is permanently located in this state.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.162 462.163 462.164 462.165 462.166 462.167 462.168 462.201 462.202 462.203 462.204 462.205 462.206 462.207 462.208
Last modified: August 10, 2007
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