Tex. Ins. Code § 2053.203 · Subchapter E. OPTIONAL DEDUCTIBLE PLANS
PAYMENT OF CLAIMS; REIMBURSEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance company issuing a deductible policy under this subchapter shall service all claims that arise during the policy period, including those claims payable, wholly or partly, from the deductible amount.
(b) A deductible policy must provide that:
(1) the insurance company issuing the policy shall pay all benefits that are payable from the deductible amount; and
(2) the policyholder shall make reimbursements periodically, rather than at the time claim costs are incurred.
(c) The commissioner shall adopt rules to provide for adequate security for reimbursement of the amount paid by an insurance company that is payable from the deductible amount.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2053.htm
- Text hash
- sha256 c9d4dc545cb0f145567ddd382ff77830d82e1e9b54b2cecaeea79e1eb39813a4
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.