Tex. Insurance Code § 541.156
This is the official text of Tex. Insurance Code § 541.156, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 541.156. SETTLEMENT OFFER.
Official statutory text
(a) A person who receives notice provided under Section 541.154 or 542A.003 may make a settlement offer during a period beginning on the date notice under Section 541.154 or 542A.003 is received and ending on the 60th day after that date.
(b) In addition to the period described by Subsection (a), the person may make a settlement offer during a period:
(1) if mediation is not conducted under Section 541.161, beginning on the date an original answer is filed in the action and ending on the 90th day after that date; or
(2) if mediation is conducted under Section 541.161, beginning on the day after the date the mediation ends and ending on the 20th day after that date.
(b) In addition to the period described by Subsection (a), the person may make a settlement offer during a period:
(1) if mediation is not conducted under Section 541.161, beginning on the date an original answer is filed in the action and ending on the 90th day after that date; or
(2) if mediation is conducted under Section 541.161, beginning on the day after the date the mediation ends and ending on the 20th day after that date.
Status: in_force · Read it on the official government site
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