Court Opinion · Bad-Faith Authority

Texas Association of School Boards Risk Management Fund // Southwest Texas Junior College v. Southwest Texas Junior College // Cross-Appellee, Texas Association of School Boards Risk Management Fund

Court: Texas Court of Appeals, 15th DistrictFiled: 2025-09-10

Excerpt

**Texas Association of School Boards Risk Management Fund // Southwest Texas Junior College v. Southwest Texas Junior College // Cross-Appellee, Texas Association of School Boards Risk Management Fund** Court: Texas Court of Appeals, 15th District Filed: 2025-09-10T00:00:00-07:00 URL: https://www.courtlistener.com/opinion/10671405/texas-association-of-school-boards-risk-management-fund-southwest-texas/ contractually defined Loss: (1) the option to be reimbursed for amounts the member has actually and necessarily spent to repair or replace the Covered Property (“Replacement Cost Value” or “RCV”); or (2) the option to receive upfront payment for the Actual Cash Value of the Covered Property su
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