Tex. Insurance Code § 541.157
This is the official text of Tex. Insurance Code § 541.157, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 541.157. CONTENTS OF SETTLEMENT OFFER.
Official statutory text
A settlement offer made by a person against whom a claim under this subchapter is pending must include an offer to pay the following amounts, separately stated:
(1) an amount of money or other consideration, reduced to its cash value, as settlement of the claim for damages; and
(2) an amount of money to compensate the claimant for the claimant's reasonable and necessary attorney's fees incurred as of the date of the offer.
(1) an amount of money or other consideration, reduced to its cash value, as settlement of the claim for damages; and
(2) an amount of money to compensate the claimant for the claimant's reasonable and necessary attorney's fees incurred as of the date of the offer.
Status: in_force · Read it on the official government site
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