Tex. Ins. Code § 2602.254

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

Section 2602.254 - Certain Conservator and Receiver Expenses Covered

Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:

(1) the unauthorized insurer has insufficient liquid assets to pay those expenses; and

(2) insufficient money is available from:

(A) abandoned money under Section 443.304; and

(B) department appropriations for use in paying those expenses.

Tex. Ins. Code § 2602.254

Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2I.007, eff. 4/1/2009.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.