Texas Insurance Code 2208.252 – Uses of Fund
Current as of: 2024 | Check for updates
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(a) Administrative expenses of the pool may be paid from the fund.
(b) Money in the fund may not be used to pay:
(1) punitive damages;
(2) a fine or penalty imposed for a violation of:
(A) a statute;
(B) an administrative rule or regulation; or
(C) an order or ordinance of a public entity; or
(3) a claim under excess insurance coverage until all benefits payable under any other underlying policy or self-insurance covering the claim or judgment are exhausted.
Terms Used In Texas Insurance Code 2208.252
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Rule: includes regulation. See Texas Government Code 311.005
- Statute: A law passed by a legislature.