7 Tex. Admin. Code § 51.304

Current through Reg. 49, No. 45; November 8, 2024
Section 51.304 - Liability for Unpaid Claims
(a) No Liability. The recovery fund, the Commissioner, and the Department are not liable to a claimant for a claim approved by the Commissioner under Finance Code § RSA 156.504 if the assets of the recovery fund are insufficient to pay such claim.
(b) Payment of Unpaid Claims. If the recovery fund contains insufficient assets to pay a claim approved by the Commissioner under Finance Code § RSA 156.504, the Commissioner will:
(1) record the time and date the claim was approved; and
(2) pay approved but unpaid claims for which a recordation was made under paragraph (1) of this subsection as funds in the recovery fund become available, in the order of the recorded time and date of such claims.

7 Tex. Admin. Code § 51.304

Adopted by Texas Register, Volume 47, Number 27, July 8, 2022, TexReg 3964, eff. 7/14/2022