GroundRules
Tex. Insurance Code § 2602.307: SETTLEMENT BY ASSOCIATION BINDING; PRIORITY OF CLAIM AND EXPENSES.
Where this section sits in the code
- INSURANCE CODE
- TITLE 11. TITLE INSURANCE
- SUBTITLE C. FINANCIAL SOLVENCY
- CHAPTER 2602. TEXAS TITLE INSURANCE GUARANTY ASSOCIATION
- SUBCHAPTER G. ASSOCIATION POWERS AND DUTIES RELATING TO COVERED CLAIMS
(a) The settlement of a covered claim by the association binds the receiver or statutory successor of an impaired title insurance company.
(b) The court shall give the covered claim the same priority against assets of the impaired title insurance company that the claim would have had in the absence of this chapter.
(c) The association's expenses in handling claims have the same priority as the receiver's expenses.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Collected 2026-08-27T01:47:21Z. Source file · JSON