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Tex. Insurance Code § 703.102

This is the official text of Tex. Insurance Code § 703.102, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.

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§ 703.102. DEDUCTION OR OFFSET FOR EXPENSES; REIMBURSEMENT.

Official statutory text

(a) Subject to Subsection (b), a covered entity has a deduction or offset against any obligation, assessment, or debt owed by the covered entity to this state in the amount of the reasonable and necessary expenses determined by the court order.

(b) The covered entity shall reimburse the state the amount of any expenses actually recovered from the parties to the private antifraud action under a final judgment awarding, wholly or partly, expenses to or for the covered entity's benefit. The amount of reimbursement may not exceed the actual amount of deductions or offsets taken by the covered entity.

Status: in_force · Read it on the official government site

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