Sec. 1952.103. UNDERINSURED MOTOR VEHICLE. For purposes of the coverage required by this subchapter, "underinsured motor vehicle" means an insured motor vehicle on which there is collectible liability insurance coverage with limits of liability for the owner or operator that were originally lower than, or have been reduced by payment of claims arising from the same accident to, an amount less than the limit of liability stated in the underinsured coverage of the insured's policy.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle C - Automobile Insurance
Chapter 1952 - Policy Provisions and Forms for Automobile Insurance
Subchapter C. Uninsured or Underinsured Motorist Coverage
Section 1952.101. Uninsured or Underinsured Motorist Coverage Required
Section 1952.102. Uninsured Motor Vehicle
Section 1952.103. Underinsured Motor Vehicle
Section 1952.104. Required Provisions Relating to Uninsured or Underinsured Motorist Coverage
Section 1952.105. Liability Limits
Section 1952.106. Recovery Under Underinsured Motorist Coverage
Section 1952.107. Recovery Under Collision or Combined Coverage
Section 1952.108. Insurer's Right of Recovery