Sec. 2602.254.  CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED.  Reasonable and necessary administrative expenses incurred by a conservator appointed by the commissioner or a receiver appointed by a court for an unauthorized insurer operating in this state are covered claims if the commissioner has notified the association or the association has otherwise become aware that:
(1)  the unauthorized insurer has insufficient liquid assets to pay those expenses; and
(2)  insufficient money is available from:
(A)  abandoned money under Section 443.304; and
(B)  department appropriations for use in paying those expenses.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by: 
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2I.007, eff. April 1, 2009.