Regulation28 TAC §5.9928

Additional Powers of the Association

Texas · Department of Insurance · effective May 28, 2003
First seen July 20, 2026 · last checked July 20, 2026

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v1fetched Jul 20, 2026·effective May 28, 20033ae9e6a88f91

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The powers of the Association shall include the following:

(1) the ability to sue;

(2) the ability to own or lease real estate for its operations;

(3) the ability to retain the services of experts to aid it in carrying out its operations;

(4) the ability to generally contract for goods and services needed to carry out its operations;

(5) the ability to invest its funds in accordance with Insurance Code Article 2.10; and

(6) the ability to conclude its affairs should the FAIR Plan be deactivated by the Commissioner.

Source Note: The provisions of this §5.9928 adopted to be effective May 28, 2003, 28 TexReg 4153.