1. (a) Claims of $1,000 or less may be paid in full.

2. (b) Claims of more than $1,000 may be paid in the following manner:

   1. (1) If the claim was filed on or after September 1, 1995, the first $1,000 plus no more than 60% of the amount in excess of $1,000 may be paid.
   2. (2) If the claim was filed prior to September 1, 1995, 60% of the total claim may be paid.
3. (c) Claims Arising from Same Contract. Total payment for claims arising from the same contract shall not exceed $20,000.
4. (d) Claims Against a Single Licensee. Total payment for claims against a single licensee shall not exceed $50,000 in any one calendar year. Claims shall be paid in 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 this paragraph, the claimant 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.