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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The amounts provided under assessments made under this chapter supplement the marshalling of assets by the receiver under Chapter 442 to make payments on the impaired insurer's behalf.
(b) This section does not require the receiver to exhaust the assets of the impaired insurer before an assessment is made or before money derived from an assessment may be used to pay covered claims.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 462.156. Use of Assessments - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-462-156/
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