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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Subject to Subsection (b), a covered entity has a deduction or offset against any obligation, assessment, or debt owed by the covered entity to this state in the amount of the reasonable and necessary expenses determined by the court order.
(b) The covered entity shall reimburse the state the amount of any expenses actually recovered from the parties to the private antifraud action under a final judgment awarding, wholly or partly, expenses to or for the covered entity's benefit. The amount of reimbursement may not exceed the actual amount of deductions or offsets taken by the covered entity.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 703.102. Deduction or Offset for Expenses; Reimbursement - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-703-102/
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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