Sec. 462.305. LIMITATION OF ASSOCIATION'S LIABILITY. The association is not liable to an insured or liability claimant for the association's failure to settle a liability claim within the limits of a covered claim under this chapter. A claim described by this section for failure to settle a liability claim is not a covered claim.
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 G. Association Powers and Duties Relating to Covered Claims
Section 462.302. Payment of Covered Claims
Section 462.303. Certain Determinations Not Binding
Section 462.304. Servicing Facility
Section 462.305. Limitation of Association's Liability
Section 462.306. Discharge of Policy Obligation
Section 462.307. Assignment of Rights
Section 462.308. Recovery From Certain Persons
Section 462.309. Stay of Proceedings; Certain Decisions Not Binding
Section 462.310. Settlement by Association Binding; Priority of Claim and Expenses