Tex. Ins. Code § 1952.106 : INSURANCE CODE — PROPERTY AND CASUALTY INSURANCE — AUTOMOBILE INSURANCE — POLICY PROVISIONS AND FORMS FOR — UNINSURED OR UNDERINSURED MOTORIST COVERAGE — Recovery Under Underinsured Motorist Coverage

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.