Texas § 2602.258 CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT.

Texas Statutes

§ 2602.258 — CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT.

Texas § 2602.258

Code INInsurance Code

This text of Texas § 2602.258 (CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT.) 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. § 2602.258 (2026).

Text

Sec. 2602.258. CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT.

(a)Money from assessments or guaranty fees is liable only for the difference between the amount of covered claims and the amount of assets marshalled by a receiver or conservator for payment to holders of covered claims.

(b)In an ancillary receivership in this state, money from assessments is liable only for the difference between the amount of covered claims and the amount of assets marshalled by receivers in other states for payment of covered claims in this state.

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Sec. 2602.258. CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT. (a) Money from assessments or guaranty fees is liable only for the difference between the amount of covered claims and the amount of assets marshalled by a receiver or conservator for payment to holders of covered claims.
(b) In an ancillary receivership in this state, money from assessments is liable only for the difference between the amount of covered claims and the amount of assets marshalled by receivers in other states for payment of covered claims in this state.