CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED.
Tex. INS Code § 2602.254.
in effectReasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:
(1) the unauthorized insurer has insufficient liquid assets to pay those expenses; and
(2) insufficient money is available from:
(A) abandoned money under Section 443.304 ; and
(B) department appropriations for use in paying those expenses.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.