Texas Insurance Code

§ 462.201 — COVERED CLAIMS IN GENERAL

IN § 462.201Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION · Art. E. COVERED CLAIMS; CLAIMANTS

Statute text

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A claim is a covered claim if:

(1)the claim is an unpaid claim;

(2)the claim is made under an insurance policy to which this chapter applies that is:

(A)issued by an insurer authorized to engage in business in this state; or

(B)assumed by an insurer authorized to engage in business in this state that issues an assumption certificate to the insured;

(3)the claim arises out of the policy and is within the coverage and applicable limits of the policy;

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Legislative history

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