Tex. Ins. Code § 463.253 · Subchapter F. POWERS AND DUTIES OF ASSOCIATION RELATING TO IMPAIRED OR INSOLVENT INSURER
INSOLVENT INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to a member insurer that is an insolvent insurer.
(b) The association shall provide money, pledges, guarantees, or other means reasonably necessary to discharge the insurer's duties and to:
(1) guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the insurer's policies or contracts; or
(2) ensure payment of the insurer's contractual obligations.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153), Sec. 18, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm
- Text hash
- sha256 3f53c5e75afc9886cc36e96b96e09b60b1807925d6ba3454fb6235c147453ce7
- 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 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 463.253. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 463.254LIFE OR HEALTH INSURANCE POLICIES OR CONTRACTS.Printed as Section 463.252(b)(2) or 463.253
- Tex. Ins. Code § 463.255POLICY OR CONTRACT WITH GUARANTEED INTEREST RATE.Printed as Section 463.252(b)(2) or 463.253
- Tex. Ins. Code § 463.356ASSUMPTION OF POWERS AND DUTIES OF ASSOCIATION.Printed as Section 463.253
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.