Sec. 2210.062. ADMINISTRATION BY CONTRACTED ADMINISTRATOR AUTHORIZED. (a) Notwithstanding any other law, if determined by the commissioner to be in the best interest of the policyholders and the public, the commissioner may contract with an administrator to manage the association and administer the plan of operation.
(b) The commissioner shall adopt rules as necessary to implement this section if the commissioner determines management of the association and administration of the plan of operation by an administrator is in the best interest of the policyholders and the public.
(c) The administrator must hold either a managing general agent license issued under Chapter 4053 or a third-party administrator certificate of authority issued under Chapter 4151.
Added by Acts 2015, 84th Leg., R.S., Ch. 615 (S.B. 900), Sec. 4, eff. September 1, 2015.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2210 - Texas Windstorm Insurance Association
Subchapter B. Administration of Association
Section 2210.051. Composition of Association; Required Membership
Section 2210.052. Member Participation in Association
Section 2210.053. Operation of Association
Section 2210.054. Annual Statement
Section 2210.055. Legal Counsel
Section 2210.056. Use of Association Assets
Section 2210.057. Examination of Association
Section 2210.058. Audit of Association
Section 2210.059. Claims Practices Audit
Section 2210.060. Indemnification by Association
Section 2210.061. Contractors and Managerial Employees: Compensation and Bonuses
Section 2210.062. Administration by Contracted Administrator Authorized