Texas Insurance Code

§ 912.203 — NONPAYMENT OF PREMIUM OR ASSESSMENT: FILING OF ACTION

IN § 912.203Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES · Ch. 912. COUNTY MUTUAL INSURANCE COMPANIES · Art. E. CHARGES, PREMIUMS, AND ASSESSMENTS

Statute text

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(a)A county mutual insurance company may bring an action in the home county of the company against a policyholder who defaults on the payment of an assessment or premium.

(b)The company is entitled to judgment against the policyholder for:

(1)delinquent premiums or assessments;

(2)foreclosure of the lien described by Section 912.202; and

(3)the costs of an action, including a reasonable attorney's fee in the amount of at least $5.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.