Tex. Insurance Code § 464.053
This is the official text of Tex. Insurance Code § 464.053, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 464.053. ADVANCE OF FUNDS.
Official statutory text
(a) In the event of a delinquency proceeding of an unauthorized insurer, the commissioner may advance funds from the fund account if the assets of the unauthorized insurer are insufficient to pay administrative expenses or policy claims. The commissioner shall hold the funds in a separate account. Funds advanced under this section are available to supplement the assets of the unauthorized insurer, and do not become property of the unauthorized insurer or the receivership estate.
(b) In determining an amount to be advanced, the commissioner shall consider:
(1) the amount existing in the fund, and any estimated future amounts to be deposited in the fund;
(2) the assets of the unauthorized insurer that are anticipated to be available to pay administrative expenses and claims;
(3) the projected administrative expenses and claims in the delinquency proceeding; and
(4) the projected administrative expenses and claims in other existing and anticipated delinquency proceedings of unauthorized insurers.
(b) In determining an amount to be advanced, the commissioner shall consider:
(1) the amount existing in the fund, and any estimated future amounts to be deposited in the fund;
(2) the assets of the unauthorized insurer that are anticipated to be available to pay administrative expenses and claims;
(3) the projected administrative expenses and claims in the delinquency proceeding; and
(4) the projected administrative expenses and claims in other existing and anticipated delinquency proceedings of unauthorized insurers.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.