Tex. Ins. Code § 462.158

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 462.158 - Advance As Loan

Money advanced by the association under this chapter is considered a special fund loan to the impaired insurer for payment of covered claims and does not become an asset of the impaired insurer. The loan is repayable to the extent money from the impaired insurer is available.

Tex. Ins. Code § 462.158

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