Texas § 703.102 DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT.

Texas Statutes

§ 703.102 — DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT.

Texas § 703.102

Code INInsurance Code

This text of Texas § 703.102 (DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT.) 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. § 703.102 (2026).

Text

Sec. 703.102. DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT.

(a)Subject to Subsection (b), a covered entity has a deduction or offset against any obligation, assessment, or debt owed by the covered entity to this state in the amount of the reasonable and necessary expenses determined by the court order.

(b)The covered entity shall reimburse the state the amount of any expenses actually recovered from the parties to the private antifraud action under a final judgment awarding, wholly or partly, expenses to or for the covered entity's benefit. The amount of reimbursement may not exceed the actual amount of deductions or offsets taken by the covered entity.

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Sec. 703.102. DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT. (a) Subject to Subsection (b), a covered entity has a deduction or offset against any obligation, assessment, or debt owed by the covered entity to this state in the amount of the reasonable and necessary expenses determined by the court order.
(b) The covered entity shall reimburse the state the amount of any expenses actually recovered from the parties to the private antifraud action under a final judgment awarding, wholly or partly, expenses to or for the covered entity's benefit. The amount of reimbursement may not exceed the actual amount of deductions or offsets taken by the covered entity.