Section 2602.256 - Amount of Covered Claim; Limit(a) A covered claim under Section 2602.251 or 2602.253 may not exceed the lesser of $500,000 for each claimant or $500,000 for each policy.(b) A covered claim under Section 2602.252 may not exceed the lesser of $500,000 for each claimant or the amount of money actually received by the impaired title insurance company or agent as trust funds or an escrow account for each claimant in a transaction from which the claim arises, except that the cumulative amount of covered claims arising from a single transaction may not exceed $500,000.Tex. Ins. Code § 2602.256
Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 775,Sec. 25, eff. 9/1/2019.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.