Texas Insurance Code - Section 463.253. Insolvent Insurer
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§ 463.253. INSOLVENT INSURER. (a) This section applies
only to a member insurer that is an insolvent insurer.
(b) The association shall provide money, pledges,
guarantees, or other means reasonably necessary to discharge the
insurer's duties and to:
(1) guarantee, assume, or reinsure, or cause to be
guaranteed, assumed, or reinsured, the insurer's policies or
contracts; or
(2) ensure payment of the insurer's contractual
obligations.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 463.201 463.202 463.203 463.204 463.205 463.251 463.252 463.253 463.254 463.255 463.256 463.257 463.258 463.259 463.260
Last modified: August 11, 2007
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