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Texas Transportation Code - TRANSP § 643.105. Insolvency of Insurer

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

If an insurer for a motor carrier becomes insolvent, is placed in receivership, or has its certificate of authority suspended or revoked and if the carrier no longer has insurance coverage as required by this subchapter, the carrier shall file with the department, not later than the 10th day after the date the coverage lapses:

(1) evidence of insurance as required by Section 643.103; and

(2) an affidavit that:

(A) indicates that a collision from which the carrier may incur liability did not occur while the coverage was not in effect; or

(B) contains a plan acceptable to the department indicating how the carrier will satisfy claims of liability against the carrier for a collision that occurred while the coverage was not in effect.

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Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 643.105. Insolvency of Insurer - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-643-105/

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