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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A covered claim under Section 2602.251 or 2602.253 may not exceed the lesser of $500,000 for each claimant or $500,000 for each policy.
(b) A covered claim under Section 2602.252 may not exceed the lesser of $500,000 for each claimant or the amount of money actually received by the impaired title insurance company or agent as trust funds or an escrow account for each claimant in a transaction from which the claim arises, except that the cumulative amount of covered claims arising from a single transaction may not exceed $500,000.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2602.256. Amount of Covered Claim; Limit - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2602-256/
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