Tex. Insurance Code § 462.214
This is the official text of Tex. Insurance Code § 462.214, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 462.214.
Official statutory text
Sec. 462.214. CERTAIN SHAREHOLDERS' CLAIMS: LIMIT. Notwithstanding any other provision of this chapter, the association's liability for shareholder derivative actions or other claims for economic loss incurred by a claimant in the claimant's capacity as a shareholder under an insurance policy placed in force on or after January 1, 1992, is limited to $300,000 for each policy, including defense costs, regardless of the number of claimants under each policy.
Status: in_force · Read it on the official government site
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