Money from assessments supplements the marshalling of an impaired insurer's assets to make payments on the insurer's behalf.
Tex. Ins. Code § 463.158
USE OF ASSESSMENTS
Known as the Texas Life and Health Insurance Guaranty Association Act
The act spans §§ 463–463 (82 sections).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.