Tex. Ins. Code § 557.004
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
A lender who fails to provide notice as required by Section 557.002 or 557.003 or to release insurance proceeds as required by Section 557.003 shall pay to the insured interest at the rate of 10 percent a year on the proceeds held by the lender.
Tex. Ins. Code § 557.004