Sec. 462.304. SERVICING FACILITY. (a) The association shall handle claims through the association's employees or through one or more insurers or other persons designated, subject to the approval of the commissioner, as servicing facilities.
(b) A member insurer may decline designation as a servicing facility.
(c) The association shall:
(1) reimburse a servicing facility for:
(A) obligations of the association paid by the facility; and
(B) expenses incurred by the facility in handling claims for the association; and
(2) pay the other expenses of the association authorized by this chapter.
(d) The commissioner may revoke the designation of a servicing facility if the commissioner finds that servicing facility is handling claims unsatisfactorily.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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