Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 462.306 - Discharge of Policy Obligation(a) The association shall discharge an impaired insurer's policy obligations, including the duty to defend insureds under a liability insurance policy, to the extent that the policy obligation is a covered claim under this chapter.(b) In performing the association's statutory obligations, the association may also enforce a duty imposed on the insured or beneficiary under the terms of an insurance policy within the scope of this chapter.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.