Tex. Insurance Code § 2205.307
PAYMENT OF CLAIMS AND JUDGMENTS
Texas · Texas Insurance Code · Status: effective
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- Tex. Insurance Code § 2205.307, PAYMENT OF CLAIMS AND JUDGMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684354
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(a) If money in the fund would be exhausted by the payment of all final and settled claims and final judgments during a fiscal year, the pool shall prorate the amount paid to each person having the claim or judgment.
(b) If the amount paid by the pool is prorated under this section, each person described by Subsection (a) shall receive an amount equal to the percentage that the amount owed to that person by the pool bears to the total amount owed, outstanding, and payable by the pool.
(c) The pool shall pay in the next fiscal year the remaining amount that is due and unpaid to a person who receives a prorated payment under this section.