Sec. 2211.051. ESTABLISHMENT OF FAIR PLAN. The commissioner may establish a Fair Access to Insurance Requirements Plan to deliver residential property insurance to residents of this state in underserved areas if the commissioner determines, after a public hearing, that:
(1) in all or any part of the state, residential property insurance is not reasonably available in the voluntary market to a substantial number of insurable risks; or
(2) at least 25 percent of the applicants to the residential property market assistance program who are qualified under that program's plan of operation have not been placed with an insurer in the preceding six months.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.065(a), eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.065(a), eff. September 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Subchapter B. Establishment and Administration of Fair Plan
Section 2211.051. Establishment of Fair Plan
Section 2211.052. Administration of Fair Plan; Composition of Governing Committee
Section 2211.0521. Meetings of Governing Body
Section 2211.053. Amendments to Plan of Operation
Section 2211.054. Contents of Plan of Operation
Section 2211.055. Association Duties With Respect to Policies
Section 2211.056. Filing and Approval of Rates
Section 2211.057. Powers of Commissioner