Sec. 2211.001. DEFINITIONS. In this chapter:
(1) "Association" means the FAIR Plan Association established under this chapter.
(2) "FAIR Plan" means a Fair Access to Insurance Requirements Plan established under Section 2211.051.
(3) "Governing committee" means the governing committee of the association.
(4) "Inspection bureau" means the organization or organizations designated by the association under Section 2211.153.
(5) "Insurer" means an authorized insurer writing property insurance in this state, including:
(A) a Lloyd's plan; and
(B) a reciprocal or interinsurance exchange.
(6) "Net direct premiums" means gross direct written premiums less return premiums on canceled contracts, regardless of reinsurance assumed or ceded, written on residential property under this chapter.
(7) "Residential property insurance" means the coverage provided by a homeowners insurance policy, residential fire and allied lines insurance policy, or farm and ranch owners insurance policy against loss incurred to real or tangible personal property at a fixed location.
(8) "Underserved area" or "underserved areas" means an area or areas designated as underserved by the commissioner by rule.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: 2211.001 2211.002 2211.003 2211.051 2211.052 2211.0521 2211.053 2211.054 2211.055 2211.056 2211.057 2211.058 2211.059 2211.101 2211.102 NextLast modified: September 28, 2016