Texas § 463.253 INSOLVENT INSURER.

Texas Statutes

§ 463.253 — INSOLVENT INSURER.

Texas § 463.253

Code INInsurance Code

This text of Texas § 463.253 (INSOLVENT 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. § 463.253 (2026).

Text

Sec. 463.253. INSOLVENT INSURER.

(a)This section applies only to a member insurer that is an insolvent insurer.

(b)The association shall provide money, pledges, guarantees, or other means reasonably necessary to discharge the insurer's duties and to:

(1)guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the insurer's policies or contracts; or

(2)ensure payment of the insurer's contractual obligations.

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Sec. 463.253. INSOLVENT INSURER. (a) This section applies only to a member insurer that is an insolvent insurer.
(b) The association shall provide money, pledges, guarantees, or other means reasonably necessary to discharge the insurer's duties and to:
(1) guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the insurer's policies or contracts; or
(2) ensure payment of the insurer's contractual obligations.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153 ), Sec. 18, eff. September 1, 2019.