Sec. 462.202. CLAIM FOR UNEARNED PREMIUMS. (a) A claim for unearned premiums is a covered claim. A covered claim for unearned premiums may not exceed $25,000.
(b) With respect to a covered claim for unearned premiums, a person has a covered claim under this chapter if the person is a resident of this state at the time:
(1) the policy is issued; or
(2) the insurer is determined to be an impaired insurer.
(c) A person has a covered claim under this chapter if the person holds a valid assignment of a covered claim for unearned premiums under Subsections (a) and (b).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 1188 (S.B. 1227), Sec. 1, eff. June 19, 2015.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association
Subchapter E. Covered Claims; Claimants
Section 462.201. Covered Claims in General
Section 462.202. Claim for Unearned Premiums
Section 462.203. Certain Expenses of Receivership or Conservatorship Estate Covered
Section 462.204. Affiliate May Not Be Claimant
Section 462.205. Determination of Residence of Entities
Section 462.206. Claims Not Covered: Premium Under Retrospective Rating Plan
Section 462.207. Claims Not Covered: Amounts Due Certain Entities
Section 462.208. Claims Not Covered: Supplementary Payment Obligations
Section 462.209. Claims Not Covered: Prejudgment or Postjudgment Interest
Section 462.210. Claims Not Covered: Certain Damages
Section 462.211. Claims Not Covered: Late Filed Claims
Section 462.212. Net Worth Exclusion