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Texas Insurance Code

CHAPTER 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION

SECTION 462.001. SHORT TITLE

SECTION 462.002. PURPOSES

SECTION 462.003. CONSTRUCTION

SECTION 462.004. GENERAL DEFINITIONS

SECTION 462.005. DESCRIPTION OF CONTROL

SECTION 462.006. NET DIRECT WRITTEN PREMIUMS

SECTION 462.007. APPLICABILITY IN GENERAL; EXCEPTIONS

SECTION 462.008. APPLICABILITY TO TEXAS MUTUAL INSURANCE COMPANY

SECTION 462.009. APPLICABILITY TO FORMER TEXAS WORKERS COMPENSATION INSURANCE FACILITY AND SUCCESSOR

SECTION 462.010. CONFLICT WITH OTHER LAWS

SECTION 462.011. IMMUNITY IN GENERAL

SECTION 462.012. IMMUNITY IN RELATION TO CERTAIN REPORTS AND RECOMMENDATIONS

SECTION 462.013. IMMUNITY IN RELATION TO CERTAIN NEGOTIATIONS.

SECTION 462.014. RULES

SECTION 462.015. INFORMATION PROVIDED BY OR TO COMMISSIONER

SECTION 462.016. PENALTY FOR FAILURE TO PAY ASSESSMENTS OR COMPLY WITH PLAN OF OPERATION

SECTION 462.017. APPEALS AND OTHER ACTIONS

SECTION 462.051. ASSOCIATION AS LEGAL ENTITY; MEMBERSHIP

SECTION 462.052. BOARD OF DIRECTORS

SECTION 462.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE

SECTION 462.054. ELIGIBILITY TO SERVE AS INDUSTRY REPRESENTATIVE

SECTION 462.055. TERM; VACANCY

SECTION 462.056. REIMBURSEMENT OF BOARD MEMBERS

SECTION 462.057. FINANCIAL STATEMENT OF BOARD MEMBER

SECTION 462.058. CONFLICT OF INTEREST

SECTION 462.059. MEETING BY CONFERENCE CALL

SECTION 462.101. GENERAL POWERS AND DUTIES

SECTION 462.102. ASSOCIATION NOT IN PLACE OF IMPAIRED INSURER

SECTION 462.103. PLAN OF OPERATION

SECTION 462.104. NOTICE TO INSUREDS

SECTION 462.105. ACCOUNTS

SECTION 462.106. ADMINISTRATIVE EXPENSES

SECTION 462.107. EXAMINATION OF ASSOCIATION

SECTION 462.108. DEPOSIT OF MONEY

SECTION 462.109. DELEGATION OF POWERS AND DUTIES

SECTION 462.110. EXEMPTION FROM CERTAIN FEES AND TAXES

SECTION 462.111. 462.111. ACCESS TO RECORDS OF MEMBER INSURER IN RECEIVERSHIP; ACTUARIAL AND OPERATIONAL ANALYSIS

SECTION 462.112. BOARD ACCESS TO RECORDS OF IMPAIRED INSURER

SECTION 462.113. BOARD REPORT ON CONCLUSION OF INSOLVENCY

SECTION 462.114. DUTY OF RECEIVER

SECTION 462.151. MAKING OF ASSESSMENT; AMOUNT

SECTION 462.152. MAXIMUM TOTAL ASSESSMENT

SECTION 462.153. REFUND OF CONTRIBUTION

SECTION 462.154. NOTICE OF ASSESSMENT

SECTION 462.155. DEFERMENT

SECTION 462.156. USE OF ASSESSMENTS

SECTION 462.157. TAX CREDIT

SECTION 462.158. ADVANCE AS LOAN

SECTION 462.159. ESTIMATE OF ADDITIONAL MONEY NEEDED ON IMPAIRMENT OF INSURER

SECTION 462.160. ASSESSMENT FOR ADDITIONAL MONEY FOR ACCOUNTS

SECTION 462.161. AMOUNT OF ASSESSMENT; PRORATION OF PAYMENT

SECTION 462.162. MAXIMUM ASSESSMENT OF INSURER; ADDITIONAL ASSESSMENT AUTHORITY UNDER CERTAIN CIRCUMSTANCES

SECTION 462.163. PAYMENT OF ASSESSMENT

SECTION 462.164. PARTICIPATION RECEIPTS

SECTION 462.165. ACCOUNTING; REPORTS; REFUND

SECTION 462.166. USE OF EXCESS MONEY IN ACCOUNT

SECTION 462.167. COLLECTION OF ASSESSMENTS

SECTION 462.168. EXEMPTION FOR IMPAIRED INSURER

SECTION 462.201. COVERED CLAIMS IN GENERAL

SECTION 462.202. CLAIM FOR UNEARNED PREMIUMS

SECTION 462.203. CERTAIN EXPENSES OF RECEIVERSHIP OR CONSERVATORSHIP ESTATE COVERED

SECTION 462.204. AFFILIATE MAY NOT BE CLAIMANT

SECTION 462.205. DETERMINATION OF RESIDENCE OF ENTITIES

SECTION 462.206. CLAIMS NOT COVERED: PREMIUM UNDER RETROSPECTIVE RATING PLAN

SECTION 462.207. CLAIMS NOT COVERED: AMOUNTS DUE CERTAIN ENTITIES

SECTION 462.208. CLAIMS NOT COVERED: SUPPLEMENTARY PAYMENT OBLIGATIONS

SECTION 462.209. CLAIMS NOT COVERED: PREJUDGMENT OR POSTJUDGMENT INTEREST

SECTION 462.210. CLAIMS NOT COVERED: CERTAIN DAMAGES

SECTION 462.211. CLAIMS NOT COVERED: LATE FILED CLAIMS

SECTION 462.212. NET WORTH EXCLUSION

SECTION 462.213. AMOUNT OF INDIVIDUAL COVERED CLAIM; LIMIT

SECTION 462.214. CERTAIN SHAREHOLDERS CLAIMS: LIMIT

SECTION 462.251. EXHAUSTION OF RIGHTS UNDER OTHER POLICY REQUIRED

SECTION 462.252. REDUCTION IN AMOUNT OF COVERED CLAIM FOR OTHER POLICY

SECTION 462.253. EFFECT ON INSURED OF REDUCTION IN AMOUNT OF COVERED CLAIM

SECTION 462.254. RECOVERY FROM MORE THAN ONE GUARANTY ASSOCIATION

SECTION 462.255. CERTAIN CLAIMS SUBJECT TO LIEN OR SUBROGATION; LIMIT ON TOTAL RECOVERY

SECTION 462.301. GENERAL POWERS AND DUTIES OF ASSOCIATION IN CONNECTION WITH PAYMENT OF COVERED CLAIMS

SECTION 462.302. PAYMENT OF COVERED CLAIMS

SECTION 462.303. CERTAIN DETERMINATIONS NOT BINDING

SECTION 462.304. SERVICING FACILITY

SECTION 462.305. LIMITATION OF ASSOCIATIONS LIABILITY

SECTION 462.306. DISCHARGE OF POLICY OBLIGATION

SECTION 462.307. ASSIGNMENT OF RIGHTS

SECTION 462.308. RECOVERY FROM CERTAIN PERSONS

SECTION 462.309. STAY OF PROCEEDINGS; CERTAIN DECISIONS NOT BINDING

SECTION 462.310. SETTLEMENT BY ASSOCIATION BINDING; PRIORITY OF CLAIM AND EXPENSES

SECTION 462.311. REPORT TO RECEIVER

SECTION 462.351. ISSUANCE OF POLICIES AFTER RELEASE FROM RECEIVERSHIP