Texas Insurance Code 2210.554 – Voluntary Arbitration of Certain Coverage and Claim Disputes
Current as of: 2024 | Check for updates
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(a) A person insured under this chapter may elect to purchase a binding arbitration endorsement in a form prescribed by the commissioner. A person who elects to purchase an endorsement under this section must arbitrate a dispute involving an act, ruling, or decision of the association relating to the payment of, the amount of, or the denial of the claim.
(b) An arbitration under this section shall be conducted in the manner and under rules and deadlines prescribed by the commissioner by rule.
Terms Used In Texas Insurance Code 2210.554
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Rule: includes regulation. See Texas Government Code 311.005