Texas Insurance Code Title 4, Chapter 464 - Unauthorized Insurance Guaranty Fund Act
SUBCHAPTER A GENERAL PROVISIONS
Texas Section 464.001 - Short Title
This chapter may be cited as the Unauthorized Insurance Guaranty Fund Act. Added by Acts 2009, 81st Leg., R.S., Ch. 1026 (H.B. 4339), Sec. 1,...
Texas Section 464.002 - Construction And Purpose
(a) The purpose of this chapter is to alleviate the financial hardship imposed on persons who are harmed by the sale of unauthorized insurance in...
Texas Section 464.003 - Definitions
Sec. 464.003. DEFINITIONS.In this chapter: (1) "Delinquency proceeding" has the meaning assigned by Section 443.004. (2) "Fund" means the unauthorized insurance guaranty fund. (3) "Fund...
Texas Section 464.004 - Applicability
This chapter applies to a delinquency proceeding under Chapter 443 of an unauthorized insurer. Added by Acts 2009, 81st Leg., R.S., Ch. 1026 (H.B. 4339),...
Texas Section 464.005 - Immunity
Liability does not exist and a cause of action does not arise against the commissioner or an agent, employee, or representative of the commissioner for...
Texas Section 464.007 - Rules
The commissioner may adopt rules as necessary to implement this chapter. Added by Acts 2009, 81st Leg., R.S., Ch. 1026 (H.B. 4339), Sec. 1, eff....
Texas Section 464.052 - Deposit Of Funds
(a) The fund account shall be established with the Texas Treasury Safekeeping Trust Company in accordance with procedures adopted by the comptroller. The comptroller shall...
Texas Section 464.053 - Advance Of Funds
(a) In the event of a delinquency proceeding of an unauthorized insurer, the commissioner may advance funds from the fund account if the assets of...
Texas Section 464.054 - Use Of Funds
(a) An amount advanced under Section 464.053 may be used to supplement the assets of an unauthorized insurer to pay administrative expenses and policy claims...