Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES |
Chapter 912. COUNTY MUTUAL INSURANCE COMPANIES |
Subchapter E. CHARGES, PREMIUMS, AND ASSESSMENTS |
Sec. 912.203. NONPAYMENT OF PREMIUM OR ASSESSMENT: FILING OF ACTION
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(a) A county mutual insurance company may bring an action in the home county of the company against a policyholder who defaults on the payment of an assessment or premium.
(b) The company is entitled to judgment against the policyholder for:
(1) delinquent premiums or assessments;
(2) foreclosure of the lien described by Section 912.202; and
(3) the costs of an action, including a reasonable attorney's fee in the amount of at least $5.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.