Tex. Insurance Code § 2602.254
CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 2602.254, CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685012
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Full text
Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:
(1) the unauthorized insurer has insufficient liquid assets to pay those expenses; and
(2) insufficient money is available from:
(A) abandoned money under Section 443.304; and
(B) department appropriations for use in paying those expenses.