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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A claim for unearned premiums is a covered claim. A covered claim for unearned premiums may not exceed $25,000.
(b) With respect to a covered claim for unearned premiums, a person has a covered claim under this chapter if the person is a resident of this state at the time:
(1) the policy is issued; or
(2) the insurer is determined to be an impaired insurer.
(c) A person has a covered claim under this chapter if the person holds a valid assignment of a covered claim for unearned premiums under Subsections (a) and (b).
Cite this article: FindLaw.com - Texas Insurance Code - INS § 462.202. Claim for Unearned Premiums - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-462-202/
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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