Tex. Ins. Code § 2054.153

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2054.153 - Membership in Texas Property and Casualty Insurance Guaranty Association

(a) In this section, "association" means the Texas Property and Casualty Insurance Guaranty Association.

(b) The company is:

(1) a member of and protected by the association; and

(2) subject to assessment under Chapter 462.

(c) Notwithstanding Subsection (b), the company is liable only for an assessment by the association regarding a claim with a date of injury occurring on or after January 1, 2000, and the association, with respect to an insolvency of the company, is liable only for a claim with a date of injury occurring on or after that date.

Tex. Ins. Code § 2054.153

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.