Sec. 703.104. TREATMENT OF DEDUCTION OR OFFSET AS ADMITTED ASSET. A covered entity or a covered entity's assignee entitled to an offset or deduction that has not been used may show, in the covered entity's or assignee's books and records, the balance of the deduction or offset as an admitted asset for any purpose.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle F - Insurance Fraud and Identity Theft
Chapter 703 - Covered Entity's Antifraud Action
Subchapter C. Expenses of Antifraud Action
Section 703.101. Determination of Expenses
Section 703.102. Deduction or Offset for Expenses; Reimbursement
Section 703.103. Assignment of Deduction or Offset
Section 703.104. Treatment of Deduction or Offset as Admitted Asset