Texas § 643.105 INSOLVENCY OF INSURER.

Texas Statutes

§ 643.105 — INSOLVENCY OF INSURER.

Texas § 643.105

Code TNTransportation Code

This text of Texas § 643.105 (INSOLVENCY 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. Transportation Code Code Ann. § 643.105 (2026).

Text

Sec. 643.105. INSOLVENCY OF INSURER. If an insurer for a motor carrier becomes insolvent, is placed in receivership, or has its certificate of authority suspended or revoked and if the carrier no longer has insurance coverage as required by this subchapter, the carrier shall file with the department, not later than the 10th day after the date the coverage lapses:

(1)evidence of insurance as required by Section 643.103 ; and

(2)an affidavit that:

(A)indicates that a collision from which the carrier may incur liability did not occur while the coverage was not in effect; or

(B)contains a plan acceptable to the department indicating how the carrier will satisfy claims of liability against the carrier for a collision that occurred while the coverage was not in effect.

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Sec. 643.105. INSOLVENCY OF INSURER. If an insurer for a motor carrier becomes insolvent, is placed in receivership, or has its certificate of authority suspended or revoked and if the carrier no longer has insurance coverage as required by this subchapter, the carrier shall file with the department, not later than the 10th day after the date the coverage lapses:
(1) evidence of insurance as required by Section 643.103 ; and
(2) an affidavit that:
(A) indicates that a collision from which the carrier may incur liability did not occur while the coverage was not in effect; or
(B) contains a plan acceptable to the department indicating how the carrier will satisfy claims of liability against the carrier for a collision that occurred while the coverage was not in effect.

Legislative History

Added by Acts 1997, 75th Leg., ch. 165, Sec. 30.150(a), eff. Sept. 1, 1997. Amended by: Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190 ), Sec. 95, eff. September 1, 2023.