Section 463.253 - Insolvent Insurer(a) This section applies only to a member insurer that is an insolvent insurer.(b) The association shall provide money, pledges, guarantees, or other means reasonably necessary to discharge the insurer's duties and to:(1) guarantee, assume, reissue, or reinsure, or cause to be guaranteed, assumed, reissued, or reinsured, the insurer's policies or contracts; or(2) ensure payment of the insurer's contractual obligations.Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 432,Sec. 18, eff. 9/1/2019.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.