Texas Insurance Code

§ 462.102 — ASSOCIATION NOT IN PLACE OF IMPAIRED INSURER

IN § 462.102Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION · Art. C. GENERAL POWERS AND DUTIES OF ASSOCIATION

Statute text

View on source

In performing the association's statutory obligations under this chapter, the association is not considered:

(1)to be engaged in the business of insurance;

(2)to have assumed or succeeded to a liability of the impaired insurer; or

(3)to otherwise stand in the place of the impaired insurer for any purpose, including for the purpose of determining whether the association is subject to personal jurisdiction of the courts of another state.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.