Court Opinion · Bad-Faith Authority

Texas Association of School Boards Risk Management Fund v. Southwest Texas Junior College

Court: Texas Court of Appeals, 15th DistrictFiled: 2025-06-23

Excerpt

**Texas Association of School Boards Risk Management Fund v. Southwest Texas Junior College** Court: Texas Court of Appeals, 15th District Filed: 2025-06-23T00:00:00-07:00 URL: https://www.courtlistener.com/opinion/10619783/texas-association-of-school-boards-risk-management-fund-v-southwest-texas/ contractually defined Loss: (1) the option to repair or replace the Covered Property and be reimbursed for amounts the member has actually and necessarily spent (“replacement cost value” or “RCV”); or (2) the option to receive payment for the Actual Cash Value of the Covered Property subject to Loss (“ACV”).21/ The RCV option provides reimbursement coverage and the Property Coverage Documents expre
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