140.004 – CONTRACTUAL SUBROGATION RIGHTS AUTHORIZED. An
Texas Civil Practice and Remedies Code § 140.004
Summary
This law allows issuers of certain benefit plans to establish subrogation rights, enabling them to recover costs from third parties responsible for a covered individual's injuries. It affects insurance companies and their policyholders by clarifying the conditions under which reimbursement can be sought after a personal injury claim.
Allows subrogation rights for benefit plan issuers.
Enables recovery of costs from third-party tortfeasors.
Applies to medical or surgical benefits related to personal injuries.
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In simple terms: Learn about Texas's CONTRACTUAL SUBROGATION RIGHTS AUTHORIZED. An law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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