Sec. 462.305.  LIMITATION OF ASSOCIATION'S LIABILITY.  The association is not liable to an insured or liability claimant for the association's failure to settle a liability claim within the limits of a covered claim under this chapter.  A claim described by this section for failure to settle a liability claim is not a covered claim.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.