Amendments to Plan of Operation

(a) Pursuant to Article 21.49-12 §2(a) of the Insurance Code, the Executive Committee on its own motion may submit, at any time, proposed suitable amendments to this plan of operation to the Commissioner. Such amendments must be approved by a majority of the members of the Executive Committee.

(b) Pursuant to Article 21.49-12 §2(a) of the Insurance Code, if the Executive Committee fails to submit suitable amendments to this plan of operation, Department staff may submit such amendments.

(c) Pursuant to the Texas Administrative Procedure Act, §2001.021, any interested person may request, by petition, consideration of proposed amendments to this plan of operation.

(d) Pursuant to Article 21.49-12 §2(a) of the Insurance Code, the Commissioner may, after notice and hearing, adopt proposed amendments to this plan of operation.

Source Note: The provisions of this §5.9412 adopted to be effective October 1, 1996, 21 TexReg 8715; transferred effective April 16, 1999, 24 TexReg 3092.