Section 2602.301 - General Powers and Duties of Association in Connection With Payment of Covered Claims(a) The association shall:(1) investigate a claim brought against the association, the commissioner, or a special deputy receiver appointed under Chapter 443 if the claim involves or may involve the association's rights and obligations under this chapter; and(2) adjust, compromise, settle, and pay a covered claim to the extent of the association's obligation, and deny all other claims.(b) The association may review a settlement, release, or judgment to which an impaired title insurance company or agent or its insured was a party to determine the extent to which the settlement, release, or judgment is contested.Tex. Ins. Code § 2602.301
Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2I.008, eff. 4/1/2009.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.