{"data":{"id":"us-tx/tex.-insurance-code-462.214","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 462.214","heading":"CERTAIN SHAREHOLDERS' CLAIMS: LIMIT.","body":"Notwithstanding any other provision of this chapter, the association's liability for shareholder derivative actions or other claims for economic loss incurred by a claimant in the claimant's capacity as a shareholder under an insurance policy placed in force on or after January 1, 1992, is limited to $300,000 for each policy, including defense costs, regardless of the number of claimants under each policy.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE D. GUARANTY ASSOCIATIONS","CHAPTER 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER E. COVERED CLAIMS; CLAIMANTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.462.htm#462.214","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"37fe9d18793961d4295b6e94a91afa7d076447ba3ddf927f7b149b8f0469d884","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-462.213","next":"us-tx/tex.-insurance-code-462.251"},"notice":"GroundRules: Original legal text. Not legal advice."}