Tex. Ins. Code § 541.157

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 541.157 - Contents of Settlement Offer

A settlement offer made by a person against whom a claim under this subchapter is pending must include an offer to pay the following amounts, separately stated:

(1) an amount of money or other consideration, reduced to its cash value, as settlement of the claim for damages; and

(2) an amount of money to compensate the claimant for the claimant's reasonable and necessary attorney's fees incurred as of the date of the offer.

Tex. Ins. Code § 541.157

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. 4/1/2005.