Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2208. TEXAS PUBLIC ENTITY EXCESS INSURANCE POOL |
Subchapter F. TEXAS PUBLIC ENTITY EXCESS INSURANCE FUND |
Sec. 2208.252. USES OF FUND
Latest version.
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(a) Administrative expenses of the pool may be paid from the fund.
(b) Money in the fund may not be used to pay:
(1) punitive damages;
(2) a fine or penalty imposed for a violation of:
(A) a statute;
(B) an administrative rule or regulation; or
(C) an order or ordinance of a public entity; or
(3) a claim under excess insurance coverage until all benefits payable under any other underlying policy or self-insurance covering the claim or judgment are exhausted.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.