Texas Statutes
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association

Section 462.009. Applicability to Former Texas Workers' Compensation Insurance Facility and Successor - Sec. 462.009. APPLICABILITY TO FORMER TEXAS WORKERS' COMPENSATION INSURANCE FACILITY...

Section 462.010. Conflict With Other Laws - Sec. 462.010. CONFLICT WITH OTHER LAWS. (a) Except as provided...

Section 462.011. Immunity in General - Sec. 462.011. IMMUNITY IN GENERAL. (a) Liability does not exist...

Section 462.012. Immunity in Relation to Certain Reports and Recommendations - Sec. 462.012. IMMUNITY IN RELATION TO CERTAIN REPORTS AND RECOMMENDATIONS....

Section 462.013. Immunity in Relation to Certain Negotiations - Sec. 462.013. IMMUNITY IN RELATION TO CERTAIN NEGOTIATIONS. (a) Liability...

Section 462.014. Rules - Sec. 462.014. RULES. The commissioner shall adopt reasonable rules as...

Section 462.015. Information Provided by or to Commissioner - Sec. 462.015. INFORMATION PROVIDED BY OR TO COMMISSIONER. (a) The...

Section 462.016. Penalty for Failure to Pay Assessments or Comply With Plan of Operation - Sec. 462.016. PENALTY FOR FAILURE TO PAY ASSESSMENTS OR COMPLY...

Section 462.017. Appeals and Other Actions - Sec. 462.017. APPEALS AND OTHER ACTIONS. (a) A final action...

Subchapter B. Governance of Association

Section 462.051. Association as Legal Entity; Membership - Sec. 462.051. ASSOCIATION AS LEGAL ENTITY; MEMBERSHIP. (a) The Texas...

Section 462.052. Board of Directors - Sec. 462.052. BOARD OF DIRECTORS. (a) The association's powers are...

Section 462.053. Eligibility to Serve as Public Representative - Sec. 462.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE. A board...

Section 462.054. Eligibility to Serve as Industry Representative - Sec. 462.054. ELIGIBILITY TO SERVE AS INDUSTRY REPRESENTATIVE. To be...

Section 462.055. Term; Vacancy - Sec. 462.055. TERM; VACANCY. (a) A board member serves a...

Section 462.056. Reimbursement of Board Members - Sec. 462.056. REIMBURSEMENT OF BOARD MEMBERS. A board member may...

Section 462.057. Financial Statement of Board Member - Sec. 462.057. FINANCIAL STATEMENT OF BOARD MEMBER. Each board member...

Section 462.058. Conflict of Interest - Sec. 462.058. CONFLICT OF INTEREST. (a) A director of the...

Section 462.059. Meeting by Conference Call - Sec. 462.059. MEETING BY CONFERENCE CALL. (a) Notwithstanding Chapter 551,...

Subchapter C. General Powers and Duties of Association

Section 462.101. General Powers and Duties - Sec. 462.101. GENERAL POWERS AND DUTIES. (a) The association may:...

Section 462.102. Association Not in Place of Impaired Insurer - Sec. 462.102. ASSOCIATION NOT IN PLACE OF IMPAIRED INSURER. In...

Section 462.103. Plan of Operation - Sec. 462.103. PLAN OF OPERATION. (a) The association shall perform...

Section 462.104. Notice to Insureds - Sec. 462.104. NOTICE TO INSUREDS. (a) The commissioner may require...

Section 462.105. Accounts - Sec. 462.105. ACCOUNTS. For purposes of administration and assessment, the...

Section 462.106. Administrative Expenses - Sec. 462.106. ADMINISTRATIVE EXPENSES. (a) The association may use money...

Section 462.107. Examination of Association - Sec. 462.107. EXAMINATION OF ASSOCIATION. Not later than April 30...

Section 462.108. Deposit of Money - Sec. 462.108. DEPOSIT OF MONEY. The board may deposit the...

Section 462.109. Delegation of Powers and Duties - Sec. 462.109. DELEGATION OF POWERS AND DUTIES. (a) Except as...

Section 462.110. Exemption From Certain Fees and Taxes - Sec. 462.110. EXEMPTION FROM CERTAIN FEES AND TAXES. The association...

Section 462.111. Access to Records of Member Insurer in Receivership; Actuarial and Operational Analysis - Sec. 462.111. ACCESS TO RECORDS OF MEMBER INSURER IN RECEIVERSHIP;...

Section 462.112. Board Access to Records of Impaired Insurer - Sec. 462.112. BOARD ACCESS TO RECORDS OF IMPAIRED INSURER. The...

Section 462.1121. Action to Obtain Information Concerning Insurer in Receivership Authorized - Sec. 462.1121. ACTION TO OBTAIN INFORMATION CONCERNING INSURER IN RECEIVERSHIP...

Section 462.113. Board Report on Conclusion of Insolvency - Sec. 462.113. BOARD REPORT ON CONCLUSION OF INSOLVENCY. On the...

Section 462.114. Duty of Receiver - Sec. 462.114. DUTY OF RECEIVER. The receiver shall periodically submit...

Subchapter D. Assessments in General

Section 462.151. Making of Assessment; Amount - Sec. 462.151. MAKING OF ASSESSMENT; AMOUNT. (a) The association shall...

Section 462.152. Maximum Total Assessment - Sec. 462.152. MAXIMUM TOTAL ASSESSMENT. (a) The total assessment of...

Section 462.153. Refund of Contribution - Sec. 462.153. REFUND OF CONTRIBUTION. The association may refund to...

Section 462.154. Notice of Assessment - Sec. 462.154. NOTICE OF ASSESSMENT. The association shall notify a...

Section 462.155. Deferment - Sec. 462.155. DEFERMENT. (a) The association may defer wholly or...

Section 462.156. Use of Assessments - Sec. 462.156. USE OF ASSESSMENTS. (a) The amounts provided under...

Section 462.157. Tax Credit - Sec. 462.157. TAX CREDIT. (a) An insurer is entitled to...

Section 462.158. Advance as Loan - Sec. 462.158. ADVANCE AS LOAN. Money advanced by the association...

Section 462.159. Estimate of Additional Money Needed on Impairment of Insurer - Sec. 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF...

Section 462.160. Assessment for Additional Money for Accounts - Sec. 462.160. ASSESSMENT FOR ADDITIONAL MONEY FOR ACCOUNTS. If the...

Section 462.161. Amount of Assessment; Proration of Payment - Sec. 462.161. AMOUNT OF ASSESSMENT; PRORATION OF PAYMENT. (a) The...

Section 462.162. Maximum Assessment of Insurer; Additional Assessment Authority Under Certain Circumstances - Sec. 462.162. MAXIMUM ASSESSMENT OF INSURER; ADDITIONAL ASSESSMENT AUTHORITY UNDER...

Section 462.163. Payment of Assessment - Sec. 462.163. PAYMENT OF ASSESSMENT. An insurer shall pay the...

Section 462.164. Participation Receipts - Sec. 462.164. PARTICIPATION RECEIPTS. (a) On receipt from a member...

Section 462.165. Accounting; Reports; Refund - Sec. 462.165. ACCOUNTING; REPORTS; REFUND. (a) The association, with respect...

Section 462.166. Use of Excess Money in Account - Sec. 462.166. USE OF EXCESS MONEY IN ACCOUNT. (a) If...

Section 462.167. Collection of Assessments - Sec. 462.167. COLLECTION OF ASSESSMENTS. (a) The commissioner may collect...

Section 462.168. Exemption for Impaired Insurer - Sec. 462.168. EXEMPTION FOR IMPAIRED INSURER. An impaired insurer is...

Subchapter E. Covered Claims; Claimants

Section 462.201. Covered Claims in General - Sec. 462.201. COVERED CLAIMS IN GENERAL. A claim is a...

Section 462.202. Claim for Unearned Premiums - Sec. 462.202. CLAIM FOR UNEARNED PREMIUMS. (a) A claim for...

Section 462.203. Certain Expenses of Receivership or Conservatorship Estate Covered - Sec. 462.203. CERTAIN EXPENSES OF RECEIVERSHIP OR CONSERVATORSHIP ESTATE COVERED....

Section 462.204. Affiliate May Not Be Claimant - Sec. 462.204. AFFILIATE MAY NOT BE CLAIMANT. A person who...

Section 462.205. Determination of Residence of Entities - Sec. 462.205. DETERMINATION OF RESIDENCE OF ENTITIES. A corporation or...

Section 462.206. Claims Not Covered: Premium Under Retrospective Rating Plan - Sec. 462.206. CLAIMS NOT COVERED: PREMIUM UNDER RETROSPECTIVE RATING PLAN....

Section 462.207. Claims Not Covered: Amounts Due Certain Entities - Sec. 462.207. CLAIMS NOT COVERED: AMOUNTS DUE CERTAIN ENTITIES. (a)...

Section 462.208. Claims Not Covered: Supplementary Payment Obligations - Sec. 462.208. CLAIMS NOT COVERED: SUPPLEMENTARY PAYMENT OBLIGATIONS. A supplementary...

Section 462.209. Claims Not Covered: Prejudgment or Postjudgment Interest - Sec. 462.209. CLAIMS NOT COVERED: PREJUDGMENT OR POSTJUDGMENT INTEREST. Prejudgment...

Section 462.210. Claims Not Covered: Certain Damages - Sec. 462.210. CLAIMS NOT COVERED: CERTAIN DAMAGES. A claim against...

Section 462.211. Claims Not Covered: Late Filed Claims - Sec. 462.211. CLAIMS NOT COVERED: LATE FILED CLAIMS. (a) Notwithstanding...

Section 462.212. Net Worth Exclusion - Sec. 462.212. NET WORTH EXCLUSION. (a) Except for a workers'...

Section 462.213. Amount of Individual Covered Claim; Limit - Sec. 462.213. AMOUNT OF INDIVIDUAL COVERED CLAIM; LIMIT. (a) Except...

Section 462.214. Certain Shareholders' Claims: Limit - Sec. 462.214. CERTAIN SHAREHOLDERS' CLAIMS: LIMIT. Notwithstanding any other provision...

Subchapter F. Nonduplication of Recovery

Section 462.251. Exhaustion of Rights Under Other Policy Required - Sec. 462.251. EXHAUSTION OF RIGHTS UNDER OTHER POLICY REQUIRED. (a)...

Section 462.252. Reduction in Amount of Covered Claim for Other Policy - Sec. 462.252. REDUCTION IN AMOUNT OF COVERED CLAIM FOR OTHER...

Section 462.253. Effect on Insured of Reduction in Amount of Covered Claim - Sec. 462.253. EFFECT ON INSURED OF REDUCTION IN AMOUNT OF...

Section 462.254. Recovery From More Than One Guaranty Association - Sec. 462.254. RECOVERY FROM MORE THAN ONE GUARANTY ASSOCIATION. (a)...

Section 462.255. Certain Claims Subject to Lien or Subrogation; Limit on Total Recovery - Sec. 462.255. CERTAIN CLAIMS SUBJECT TO LIEN OR SUBROGATION; LIMIT...

Subchapter G. Association Powers and Duties Relating to Covered Claims

Section 462.301. General Powers and Duties of Association in Connection With Payment of Covered Claims - Sec. 462.301. GENERAL POWERS AND DUTIES OF ASSOCIATION IN CONNECTION...

Section 462.302. Payment of Covered Claims - Sec. 462.302. PAYMENT OF COVERED CLAIMS. (a) The association shall...

Section 462.303. Certain Determinations Not Binding - Sec. 462.303. CERTAIN DETERMINATIONS NOT BINDING. (a) The association is...

Section 462.304. Servicing Facility - Sec. 462.304. SERVICING FACILITY. (a) The association shall handle claims...

Section 462.305. Limitation of Association's Liability - Sec. 462.305. LIMITATION OF ASSOCIATION'S LIABILITY. The association is not...

Section 462.306. Discharge of Policy Obligation - Sec. 462.306. DISCHARGE OF POLICY OBLIGATION. (a) The association shall...

Section 462.307. Assignment of Rights - Sec. 462.307. ASSIGNMENT OF RIGHTS. (a) A person recovering under...

Section 462.308. Recovery From Certain Persons - Sec. 462.308. RECOVERY FROM CERTAIN PERSONS. (a) The association is...

Section 462.309. Stay of Proceedings; Certain Decisions Not Binding - Sec. 462.309. STAY OF PROCEEDINGS; CERTAIN DECISIONS NOT BINDING. (a)...

Section 462.310. Settlement by Association Binding; Priority of Claim and Expenses - Sec. 462.310. SETTLEMENT BY ASSOCIATION BINDING; PRIORITY OF CLAIM AND...

Section 462.311. Report to Receiver - Sec. 462.311. REPORT TO RECEIVER. The association shall periodically file...

Subchapter H. Release From Receivership

Section 462.351. Issuance of Policies After Release From Receivership - Sec. 462.351. ISSUANCE OF POLICIES AFTER RELEASE FROM RECEIVERSHIP. (a)...

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Texas Statutes Subtitle D - Guaranty Associations Chapter 462 - Texas Property and Casualty Insurance Guaranty Association

Texas Statutes
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association