Effect on Existing Contracts

The association may not enter into a voluntary market depopulation program or assumption reinsurance agreement that would violate Insurance Code §2210.616. The association must demonstrate compliance with the section in each filing under §5.4306 or §5.4307 of this title.

Source Note: The provisions of this §5.4308 adopted to be effective December 22, 2015, 40 TexReg 9296.