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Texas Codes
INSURANCE CODETitle 4 - REGULATION OF SOLVENCYSubtitle D - GUARANTY ASSOCIATIONSChapter 462 - TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Subchapter F - NONDUPLICATION OF RECOVERY
Section 462.253 - Effect on Insured of Reduction in Amount of Covered Claim

Tex. Ins. Code § 462.253

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Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 462.253 - Effect on Insured of Reduction in Amount of Covered Claim

To the extent that the association's obligation is reduced by the application of Sections 462.251 and 462.252, the liability of the person insured by the impaired insurer's policy for the claim is reduced in the same amount.

Tex. Ins. Code § 462.253

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