Tex. Ins. Code § 462.304

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 462.304 - Servicing Facility
(a) The association shall handle claims through:
(1) the association's employees or contract claims adjusters; or
(2) subject to the approval of the commissioner, one or more insurers designated as a servicing facility under a servicing agreement or loss portfolio transfer agreement.
(b) A member insurer may decline designation as a servicing facility.
(c) The association shall reimburse a servicing facility for obligations of the association paid by the facility and expenses incurred by the facility in handling claims for the association. The association shall reimburse a servicing facility under this subsection in a manner that is consistent with the applicable servicing agreement or loss portfolio agreement.
(d) The commissioner may revoke the designation of a servicing facility if the commissioner finds that servicing facility is handling claims unsatisfactorily.

Tex. Ins. Code § 462.304

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 343,Sec. 7, eff. 9/1/2019.
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.