Texas Insurance Code § 462.156 Use Of Assessments

Sec. 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Section: Previous  462.113  462.114  462.151  462.152  462.153  462.154  462.155  462.156  462.157  462.158  462.159  462.160  462.161  462.162  462.163  Next

Last modified: September 28, 2016