Texas Insurance Code 2054.153 – Membership in Texas Property and Casualty Insurance Guaranty Association
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(a) In this section, “association” means the Texas Property and Casualty Insurance Guaranty Association.
(b) The company is:
(1) a member of and protected by the association; and
(2) subject to assessment under Chapter 462.
Terms Used In Texas Insurance Code 2054.153
- Property: means real and personal property. See Texas Government Code 311.005
(c) Notwithstanding Subsection (b), the company is liable only for an assessment by the association regarding a claim with a date of injury occurring on or after January 1, 2000, and the association, with respect to an insolvency of the company, is liable only for a claim with a date of injury occurring on or after that date.