Tex. Codes » Insurance Code · TITLE 4. REGULATION OF SOLVENCY · SUBTITLE D. GUARANTY ASSOCIATIONS · CHAPTER 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION
Texas Codes

Tex. Ins. Code § 462.002 (2026)

Purposes

✓ current as of May 2026
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Sec. 462.002. PURPOSES. The purposes of this chapter are to:

(1) provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment;

(2) avoid financial loss to claimants or policyholders because of an insurer's impairment;

(3) assist in the detection and prevention of insurer insolvencies; and

(4) provide an association to assess the cost of that protection among insurers.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Notes of Decisions
Cited in 9 cases (1 in the last 5 years), 2008–2021 · leading case: Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., 282 S.W.3d 226 (Tex. App. 2009).
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Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., 282 S.W.3d 226 (Tex. App. 2009). “” Tex. Ins.Code Ann. § 462.002 (West 2008).”
John H. Carney & Assocs. v. Texas Prop. & Cas. Ins. Guar. Ass'n, 354 S.W.3d 843 (Tex. App. 2011). “Laws 252 , 264 (repealed 2005) ("The purpose of this Act is to: (1) provide a mechanism for the payment of covered claims under certain insurance policies to avoid excessive delay in payment; (2) avoid financial loss to claimants or policyholders because of the impairment of an…”
John H. Carney & Assocs. v. Texas Prop. & Cas. Ins. Guar. Ass'n (Tex. App. 2011). · cites it 5× “The parties cite to the current version of the statute, Tex. Ins. Code Ann. §§ 462.002 -.351 (West 2009), which is a nonsubstantive codification of the statute with an effective date of April 1, 2007.”
John H. Carney & Assocs. v. Texas Prop. & Cas. Ins. Guar. Ass'n (Tex. App. 2011). · cites it 5× “The parties cite to the current version of the statute, Tex. Ins. Code Ann. §§ 462.002 -.351 (West 2009), which is a nonsubstantive codification of the statute with an effective date of April 1, 2007.”
May Ha Goetsch, A.C.N.P., & Alvin Uchenna Anene, M.D., & Jagadeshwar Reddy, M.D., & Sathishkumar Seeliyur Duraiswamy, M.D. & Brant Erwin, APRN, AGACNP-BC, & Jay Arvind Patel, D.O., & Baylor All Saints Med. Ctr. & Century Integrated Partners, Inc. v. Deanna Rolls, Individually & as Wrongful Death Beneficiary of David Rolls, & as Rep. of the Est. of David Rolls, & Wanda Yates (Tex. App. 2021). “See Tex. Ins. Code Ann. §§ 462.002 (1)–(2), 462.”
Samuel Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., an Impaired Carrier (Tex. App. 2008). “" Tex. Ins. Code Ann. § 462.002 (West 2008).”
Samuel Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., an Impaired Carrier (Tex. App. 2008). “” Tex. Ins. Code Ann. § 462.002 (West 2008).”
Samuel Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., an Impaired Carrier (Tex. App. 2009). “” Tex. Ins. Code Ann. § 462.002 (West 2008).”
Samuel Campos v. Texas Prop. & Cas. Ins. Guar. Ass'n for Reliance Nat'l Indem. Co., an Impaired Carrier (Tex. App. 2009). “" Tex. Ins. Code Ann. § 462.002 (West 2008).”
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