Texas Insurance Code
§ 703.104 — TREATMENT OF DEDUCTION OR OFFSET AS ADMITTED ASSET
IN § 703.104Title 5. PROTECTION OF CONSUMER INTERESTS · Part F. INSURANCE FRAUD AND IDENTITY THEFT · Ch. 703. COVERED ENTITY'S ANTIFRAUD ACTION · Art. C. EXPENSES OF ANTIFRAUD ACTION
Statute text
View on sourceA covered entity or a covered entity's assignee entitled to an offset or deduction that has not been used may show, in the covered entity's or assignee's books and records, the balance of the deduction or offset as an admitted asset for any purpose.
Legislative history
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.