Sec. 2210.5731. PAYMENT OF CLAIM. (a) Except as provided by Subsection (b), if the association notifies a claimant under Section 2210.573(d)(1) or (2) that the association has accepted coverage for a claim in full or has accepted coverage for a claim in part, the association shall pay the accepted claim or accepted portion of the claim not later than the 10th day after the date notice is made.
(b) If payment of the accepted claim or accepted portion of the claim is conditioned on the performance of an act by the claimant, the association shall pay the claim not later than the 10th day after the date the act is performed.
Added by Acts 2011, 82nd Leg., 1st C.S., Ch. 2 (H.B. 3), Sec. 41, eff. September 28, 2011.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2210 - Texas Windstorm Insurance Association
Subchapter L. -1. Claims: Settlement and Dispute Resolution
Section 2210.572. Exclusive Remedies and Limitation on Award
Section 2210.573. Filing of Claim; Claim Processing
Section 2210.5731. Payment of Claim
Section 2210.5732. Supplemental Payments
Section 2210.574. Disputes Concerning Amount of Accepted Coverage
Section 2210.5741. Replacement Cost Coverage Claim Processing
Section 2210.575. Disputes Concerning Denied Coverage
Section 2210.576. Issues Brought to Suit; Limitations on Recovery
Section 2210.577. Limitations Period
Section 2210.578. Expert Panel
Section 2210.579. Construction With Other Law