Payment of claims from the fund shall be subject to the following:

1. (1) Claims of $50,000 or less may be paid in full.
2. (2) Total payment for claims arising from the same contract shall not exceed $50,000.
3. (3) Claims against a person who is not licensed. Payment for claims against a person who is not licensed at the time the claim was filed shall not exceed 80% of the total recovery.
4. (4) Claims shall be paid in accordance with the order that a final determination is made by the department or the board. In cases when a claim cannot be paid in full due to the restrictions of the Texas Agriculture Code, §103.008(e), the aggrieved party shall be given the option of accepting immediate payment of a lesser amount or accepting full payment from the fund during the next calendar year.

Source Note:The provisions of this §14.13 adopted to be effective August 13, 1997, 22 TexReg 7223; amended to be effective December 13, 1999, 24 TexReg 11101; amended to be effective September 1, 2009, 34 TexReg 5668; amended to be effective December 15, 2025, 50 TexReg 8042.