Texas § 2602.254 CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED.

Texas Statutes

§ 2602.254 — CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED.

Texas § 2602.254

Code INInsurance Code

This text of Texas § 2602.254 (CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED.) 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. § 2602.254 (2026).

Text

Sec. 2602.254. CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED. Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:

(1)the unauthorized insurer has insufficient liquid assets to pay those expenses; and

(2)insufficient money is available from:

(A)abandoned money under Section 443.304 ; and

(B)department appropriations for use in paying those expenses.

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Sec. 2602.254. CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED. Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:
(1) the unauthorized insurer has insufficient liquid assets to pay those expenses; and
(2) insufficient money is available from:
(A) abandoned money under Section 443.304 ; and
(B) department appropriations for use in paying those expenses.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2I.007, eff. April 1, 2009.