For purposes of the coverage required by this subchapter, "underinsured motor vehicle" means an insured motor vehicle on which there is collectible liability insurance coverage with limits of liability for the owner or operator that were originally lower than, or have been reduced by payment of claims arising from the same accident to, an amount less than the limit of liability stated in the underinsured coverage of the insured's policy.
Tex. Ins. Code § 1952.103
UNDERINSURED MOTOR VEHICLE
Applied in 1 court decision — leading case Allstate Insurance Company v. Margaret Jordan (2016)
Most recently applied in Allstate Insurance Company v. Margaret Jordan (July 2016)
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.