Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 541.454 - Penalties and Related Payments By Insurer(a) Civil penalties, premium refunds, judgments, compensatory judgments, individual recoveries, orders, class action awards, costs, damages, or attorney's fees assessed or awarded under this chapter:(1) may be paid only from the capital or surplus funds of the offending insurer; and(2) may not take precedence over, be in priority to, or in any other manner apply to: (A) Chapter 462 or 463 or any other insurance guaranty act; or(b) The statutes described by Subsection (a)(2) and the priorities of funds created by those statutes are exempt from the provisions of this chapter.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2D.006, eff. 4/1/2009.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.