Texas § 2053.203 PAYMENT OF CLAIMS; REIMBURSEMENT.

Texas Statutes

§ 2053.203 — PAYMENT OF CLAIMS; REIMBURSEMENT.

Texas § 2053.203

Code INInsurance Code

This text of Texas § 2053.203 (PAYMENT OF CLAIMS; REIMBURSEMENT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2053.203 (2026).

Text

Sec. 2053.203. PAYMENT OF CLAIMS; REIMBURSEMENT.

(a)An insurance company issuing a deductible policy under this subchapter shall service all claims that arise during the policy period, including those claims payable, wholly or partly, from the deductible amount.

(b)A deductible policy must provide that:

(1)the insurance company issuing the policy shall pay all benefits that are payable from the deductible amount; and

(2)the policyholder shall make reimbursements periodically, rather than at the time claim costs are incurred.

(c)The commissioner shall adopt rules to provide for adequate security for reimbursement of the amount paid by an insurance company that is payable from the deductible amount.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 2053.203. PAYMENT OF CLAIMS; REIMBURSEMENT. (a) An insurance company issuing a deductible policy under this subchapter shall service all claims that arise during the policy period, including those claims payable, wholly or partly, from the deductible amount.
(b) A deductible policy must provide that:
(1) the insurance company issuing the policy shall pay all benefits that are payable from the deductible amount; and
(2) the policyholder shall make reimbursements periodically, rather than at the time claim costs are incurred.
(c) The commissioner shall adopt rules to provide for adequate security for reimbursement of the amount paid by an insurance company that is payable from the deductible amount.