Petition Procedures for Underserved Area for Property Owners' Association Insurance

(a) TDI will review petitions for compliance with the specified requirements in §5.9931 of this title (relating to Petition Requirements for Underserved Area for Property Owners' Association Insurance). If compliant, TDI may gather additional information to determine whether to set the proposed area as underserved.

(b) TDI may schedule a public hearing and provide notice under Insurance Code §2211.051(b), concerning Establishment of FAIR Plan, to receive public input on the petition.

(c) The commissioner may determine that some, all, or none of the proposed area is underserved.

Source Note: The provisions of this §5.9932 adopted to be effective October 15, 2024, 49 TexReg 8387.