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Tex. Ins. Code § 2602.254

CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED

Known as the Texas Title Insurance Guaranty Act

The act spans §§ 2602–2602 (80 sections).

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff

Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:

(1) the unauthorized insurer has insufficient liquid assets to pay those expenses; and

(2) insufficient money is available from:

(A) abandoned money under Section 443.304; and

(B) department appropriations for use in paying those expenses.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.