Texas Insurance Code 541.266 – Disposition
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(a) A class action under this subchapter may not be dismissed, settled, or compromised without the approval of the court.
(b) Notice of the proposed dismissal, settlement, or compromise shall be given to all members of the class in the manner the court directs.
Terms Used In Texas Insurance Code 541.266
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.