Sec. 462.253. EFFECT ON INSURED OF REDUCTION IN AMOUNT OF COVERED CLAIM. To the extent that the association's obligation is reduced by the application of Sections 462.251 and 462.252, the liability of the person insured by the impaired insurer's policy for the claim is reduced in the same amount.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle D - Guaranty Associations
Chapter 462 - Texas Property and Casualty Insurance Guaranty Association
Subchapter F. Nonduplication of Recovery
Section 462.251. Exhaustion of Rights Under Other Policy Required
Section 462.252. Reduction in Amount of Covered Claim for Other Policy
Section 462.253. Effect on Insured of Reduction in Amount of Covered Claim
Section 462.254. Recovery From More Than One Guaranty Association
Section 462.255. Certain Claims Subject to Lien or Subrogation; Limit on Total Recovery