Purpose

The Texas FAIR Plan Association was established by Insurance Code Chapter 2211, concerning FAIR Plan, for the purpose of delivering residential property insurance, and later, property owners' association insurance, to insurable risks in areas determined by the commissioner to be underserved areas. The purpose of this plan of operation is to set forth and establish the structure, function, procedures, and powers of the Texas FAIR Plan Association.

Source Note: The provisions of this §5.9910 adopted to be effective May 28, 2003, 28 TexReg 4153; amended to be effective October 15, 2024, 49 TexReg 8387.