Tex. Ins. Code § 462.159 · Subchapter D. ASSESSMENTS IN GENERAL
ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the commissioner determines that an insurer has become an impaired insurer, the association shall promptly estimate the amount of additional money, by lines of business, needed to supplement the immediately available assets of the impaired insurer to pay covered claims.
(b) The board shall make additional money available as the actual need arises for each impaired insurer.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.462.htm
- Text hash
- sha256 8425ba09af15644e47e537e9aa3333f977c9c201c02173003d655ac5c02cbbf1
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 462.159. Each shows the citation as that text prints it.
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