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Chapter 462

Texas Property and Casualty Insurance Guaranty Association

Subchapter A. General Provisions

462.001 Short Title 462.002 Purposes 462.003 Construction 462.004 General Definitions 462.005 Description of Control 462.006 Net Direct Written Premiums 462.007 Applicability in General; Exceptions 462.008 Applicability to Texas Mutual Insurance Company 462.009 Applicability to Former Texas Workers' Compensation Insurance Facility and Successor 462.010 Conflict with Other Laws 462.011 Immunity in General 462.012 Immunity in Relation to Certain Reports and Recommendations 462.013 Immunity in Relation to Certain Negotiations 462.014 Rules 462.015 Information Provided by or to Commissioner 462.016 Penalty for Failure to Pay Assessments or Comply with Plan of Operation 462.017 Appeals and Other Actions

Subchapter B. Governance of Association

462.051 Association as Legal Entity; Membership 462.052 Board of Directors 462.053 Eligibility to Serve as Public Representative 462.054 Eligibility to Serve as Industry Representative 462.055 Term; Vacancy 462.056 Reimbursement of Board Members 462.057 Financial Statement of Board Member 462.058 Conflict of Interest 462.059 Meeting by Conference Call

Subchapter C. General Powers and Duties of Association

462.101 General Powers and Duties 462.102 Association Not in Place of Impaired Insurer 462.103 Plan of Operation 462.104 Notice to Insureds 462.105 Accounts 462.106 Administrative Expenses 462.107 Examination of Association 462.108 Deposit of Money 462.109 Delegation of Powers and Duties 462.110 Exemption from Certain Fees and Taxes 462.111 Access to Records of Member Insurer in Receivership; Actuarial and Operational Analysis 462.112 Board Access to Records of Impaired Insurer 462.1121 Action to Obtain Information Concerning Insurer in Receivership Authorized 462.113 Board Report on Conclusion of Insolvency 462.114 Duty of Receiver

Subchapter D. Assessments in General

462.151 Making of Assessment; Amount 462.152 Maximum Total Assessment 462.153 Refund of Contribution 462.154 Notice of Assessment 462.155 Deferment 462.156 Use of Assessments 462.157 Tax Credit 462.158 Advance as Loan 462.159 Estimate of Additional Money Needed on Impairment of Insurer 462.160 Assessment for Additional Money for Accounts 462.161 Amount of Assessment; Proration of Payment 462.162 Maximum Assessment of Insurer; Additional Assessment Authority under Certain Circumstances 462.163 Payment of Assessment 462.164 Participation Receipts 462.165 Accounting; Reports; Refund 462.166 Use of Excess Money in Account 462.167 Collection of Assessments 462.168 Exemption for Impaired Insurer

Subchapter E. Covered Claims; Claimants

462.201 Covered Claims in General 462.202 Claim for Unearned Premiums 462.203 Certain Expenses of Receivership or Conservatorship Estate Covered 462.204 Affiliate May Not Be Claimant 462.205 Determination of Residence of Entities 462.206 Claims Not Covered: Premium under Retrospective Rating Plan 462.207 Claims Not Covered: Amounts Due Certain Entities 462.208 Claims Not Covered: Supplementary Payment Obligations 462.209 Claims Not Covered: Prejudgment or Postjudgment Interest 462.210 Claims Not Covered: Certain Damages 462.211 Claims Not Covered: Late Filed Claims 462.212 Net Worth Exclusion 462.213 Amount of Individual Covered Claim; Limit 462.214 Certain Shareholders' Claims: Limit

Subchapter F. Nonduplication of Recovery

462.251 Exhaustion of Rights under Other Policy Required 462.252 Reduction in Amount of Covered Claim for Other Policy 462.253 Effect on Insured of Reduction in Amount of Covered Claim 462.254 Recovery from More Than One Guaranty Association 462.255 Certain Claims Subject to Lien or Subrogation; Limit on Total Recovery

Subchapter G. Association Powers and Duties Relating to Covered Claims

462.301 General Powers and Duties of Association in Connection with Payment of Covered Claims 462.302 Payment of Covered Claims 462.303 Certain Determinations Not Binding 462.304 Servicing Facility 462.305 Limitation of Association's Liability 462.306 Discharge of Policy Obligation 462.307 Assignment of Rights 462.308 Recovery from Certain Persons 462.309 Stay of Proceedings; Certain Decisions Not Binding 462.310 Settlement by Association Binding; Priority of Claim and Expenses 462.311 Report to Receiver

Subchapter H. Release from Receivership

462.351 Issuance of Policies After Release from Receivership