Texas § IN.464.053 - ADVANCE OF FUNDS
Full text of Texas The Texas Constitution § IN.464.053 — ADVANCE OF FUNDS, with citation guidance and answers to common questions.
§ IN.464.053. ADVANCE OF FUNDS
ADVANCE OF FUNDS. (a) In the event of a delinquency proceeding of an unauthorized insurer, the commissioner may advance funds from the fund account if the assets of the unauthorized insurer are insufficient to pay administrative expenses or policy claims. The commissioner shall hold the funds in a separate account. Funds advanced under this section are available to supplement the assets of the unauthorized insurer, and do not become property of the unauthorized insurer or the receivership estate. (b) In determining an amount to be advanced, the commissioner shall consider: (1) the amount existing in the fund, and any estimated future amounts to be deposited in the fund; (2) the assets of the unauthorized insurer that are anticipated to be available to pay administrative expenses and claims; (3) the projected administrative expenses and claims in the delinquency proceeding; and (4) the projected administrative expenses and claims in other existing and anticipated delinquency proceedings of unauthorized insurers. Added by Acts 2009, 81st Leg., R.S., Ch. 1026 (H.B. 4339 ), Sec. 1, eff. June 19, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.464.053
What does The Texas Constitution § IN.464.053 cover?
Section IN.464.053 ("ADVANCE OF FUNDS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.464.053?
A common citation format is "The Texas Constitution § IN.464.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.464.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.