Texas § 462.214 CERTAIN SHAREHOLDERS' CLAIMS: LIMIT.

Texas Statutes

§ 462.214 — CERTAIN SHAREHOLDERS' CLAIMS: LIMIT.

Texas § 462.214

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 462.214 (2026).

Text

Sec. 462.214. CERTAIN SHAREHOLDERS' CLAIMS: LIMIT. Notwithstanding any other provision of this chapter, the association's liability for shareholder derivative actions or other claims for economic loss incurred by a claimant in the claimant's capacity as a shareholder under an insurance policy placed in force on or after January 1, 1992, is limited to $300,000 for each policy, including defense costs, regardless of the number of claimants under each policy.
SUBCHAPTER F. NONDUPLICATION OF RECOVERY

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Sec. 462.214. CERTAIN SHAREHOLDERS' CLAIMS: LIMIT. Notwithstanding any other provision of this chapter, the association's liability for shareholder derivative actions or other claims for economic loss incurred by a claimant in the claimant's capacity as a shareholder under an insurance policy placed in force on or after January 1, 1992, is limited to $300,000 for each policy, including defense costs, regardless of the number of claimants under each policy.
SUBCHAPTER F. NONDUPLICATION OF RECOVERY