Texas § IN.462.304 - SERVICING FACILITY
Full text of Texas The Texas Constitution § IN.462.304 — SERVICING FACILITY, with citation guidance and answers to common questions.
§ IN.462.304. SERVICING FACILITY
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. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 343 (S.B. 1063 ), Sec. 7, eff. September 1, 2019.
Frequently Asked Questions About Texas § IN.462.304
What does The Texas Constitution § IN.462.304 cover?
Section IN.462.304 ("SERVICING FACILITY") 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.462.304?
A common citation format is "The Texas Constitution § IN.462.304" (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.462.304 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.