{"data":{"id":"us-tx/tex.-insurance-code-422.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 422.054","heading":"PREFERENTIAL CLAIMS ON LIQUIDATION.","body":"If an insurer is involuntarily or voluntarily liquidated, a claimant of the insurer has a prior and preferential claim against all assets of the insurer other than the assets that have been pledged or encumbered in accordance with this chapter or the assets that are subject to a pledge or encumbrance of an asset described by Section 422.053(b)(2). All claimants have equal status, and their prior and preferential claim is superior to any claim or cause of action against the insurer by any other person, corporation, association, or legal entity.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.\nAmended by:\nActs 2021, 87th Leg., R.S., Ch. 61 (S.B. 1954), Sec. 8, eff. September 1, 2021.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 422. ASSET PROTECTION ACT","SUBCHAPTER B. ENCUMBRANCE OF ASSETS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.422.htm#422.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"7bd13de5cedbc99b9162b68c035a0ddf37bca9129e65a9e392d3929d7e093a76","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-422.053","next":"us-tx/tex.-insurance-code-423.001"},"notice":"GroundRules: Original legal text. Not legal advice."}