Tex. Insurance Code § 3503.052
CONSTRUCTION OF SUBCHAPTER
Texas · Texas Insurance Code · Status: effective
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- Tex. Insurance Code § 3503.052, CONSTRUCTION OF SUBCHAPTER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685257
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(a) This subchapter shall be construed to encourage prompt payment of just claims made under construction payment bonds of surety companies. This subchapter does not foreclose any other remedy available to a claimant by law or contract.
(b) This subchapter may not be construed to:
(1) create a private cause of action;
(2) be a precondition to judicially enforcing an obligation under a construction payment bond;
(3) diminish any other obligation of a surety company that exists by law; or
(4) prohibit a surety company from asserting a defense against a construction payment bond claim in a proceeding to enforce a claim.