Tex. Ins. Code § 1952.106
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Underinsured motorist coverage must provide for payment to the insured of all amounts that the insured is legally entitled to recover as damages from owners or operators of underinsured motor vehicles because of bodily injury or property damage, not to exceed the limit specified in the insurance policy, and reduced by the amount recovered or recoverable from the insurer of the underinsured motor vehicle.
Tex. Ins. Code § 1952.106