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Texas Insurance Code - INS § 541.156. Settlement Offer

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A person who receives notice provided under Section 541.154 or 542A.003 may make a settlement offer during a period beginning on the date notice under Section 541.154 or 542A.003 is received and ending on the 60th day after that date.

(b) In addition to the period described by Subsection (a), the person may make a settlement offer during a period:

(1) if mediation is not conducted under Section 541.161, beginning on the date an original answer is filed in the action and ending on the 90th day after that date;  or

(2) if mediation is conducted under Section 541.161, beginning on the day after the date the mediation ends and ending on the 20th day after that date.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 541.156. Settlement Offer - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-541-156/

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