Tex. Insurance Code § 541.454
PENALTIES AND RELATED PAYMENTS BY INSURER
Texas · Texas Insurance Code · Status: effective
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- Tex. Insurance Code § 541.454, PENALTIES AND RELATED PAYMENTS BY INSURER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678249
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Full text
(a) Civil penalties, premium refunds, judgments, compensatory judgments, individual recoveries, orders, class action awards, costs, damages, or attorney's fees assessed or awarded under this chapter:
(1) may be paid only from the capital or surplus funds of the offending insurer; and
(2) may not take precedence over, be in priority to, or in any other manner apply to:
(A) Chapter 462 or 463 or any other insurance guaranty act; or
(B) Chapter 422.
(b) The statutes described by Subsection (a)(2) and the priorities of funds created by those statutes are exempt from the provisions of this chapter.