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Tex. Ins. Code § 2602.258

CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED CLAIM; LIMIT

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

(a) Money from assessments or guaranty fees is liable only for the difference between the amount of covered claims and the amount of assets marshalled by a receiver or conservator for payment to holders of covered claims.

(b) In an ancillary receivership in this state, money from assessments is liable only for the difference between the amount of covered claims and the amount of assets marshalled by receivers in other states for payment of covered claims in this state.

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