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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The association shall:
(1) investigate a claim brought against the association, the commissioner, or a special deputy receiver appointed under Chapter 443 if the claim involves or may involve the association's rights and obligations under this chapter; and
(2) adjust, compromise, settle, and pay a covered claim to the extent of the association's obligation, and deny all other claims.
(b) The association may review a settlement, release, or judgment to which an impaired title insurance company or agent or its insured was a party to determine the extent to which the settlement, release, or judgment is contested.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2602.301. General Powers and Duties of Association in Connection With Payment of Covered Claims - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2602-301/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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