Texas § 462.159 ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER.

Texas Statutes

§ 462.159 — ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER.

Texas § 462.159

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This text of Texas § 462.159 (ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER.) 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. § 462.159 (2026).

Text

Sec. 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER.

(a)If the commissioner determines that an insurer has become an impaired insurer, the association shall promptly estimate the amount of additional money, by lines of business, needed to supplement the immediately available assets of the impaired insurer to pay covered claims.

(b)The board shall make additional money available as the actual need arises for each impaired insurer.

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Sec. 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER. (a) If the commissioner determines that an insurer has become an impaired insurer, the association shall promptly estimate the amount of additional money, by lines of business, needed to supplement the immediately available assets of the impaired insurer to pay covered claims.
(b) The board shall make additional money available as the actual need arises for each impaired insurer.