SUBCHAPTER E.  COVERED CLAIMS; CLAIMANTS

Sec. 462.201.  COVERED CLAIMS IN GENERAL.  A claim is a covered claim if:
(1)  the claim is an unpaid claim;
(2)  the claim is made under an insurance policy to which this chapter applies that is:
(A)  issued by an insurer authorized to engage in business in this state; or
(B)  assumed by an insurer authorized to engage in business in this state that issues an assumption certificate to the insured;
(3)  the claim arises out of the policy and is within the coverage and applicable limits of the policy;
(4)  the insurer that issued the policy or assumed the policy under an assumption certificate issued to the insured is an impaired insurer; and
(5)  the claim:
(A)  is made by a liability claimant or insured who is a resident of this state at the time of the insured event; or
(B)  is a first-party claim for damage to property that is permanently located in this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.