SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 2210.001 - Purpose
The primary purpose of the Texas Windstorm Insurance Association is the provision of an adequate market for windstorm and hail insurance in the seacoast territory...
- Texas Section 2210.002 - Short Title; Sunset Provision
(a) This chapter may be cited as the Texas Windstorm Insurance Association Act. (b) The association is subject to review under Chapter 325, Government Code...
- Texas Section 2210.0025 - Biennial Report To Legislature
On or before December 31 of each even-numbered year, the board of directors shall submit to the commissioner, the appropriate committees of each house of...
- Texas Section 2210.003 - General Definitions
In this chapter, unless the context clearly indicates otherwise: (1) "Administrator" means an entity contractually retained to manage the association and administer the plan of...
- Texas Section 2210.004 - Definition Of Insurable Property
(a) Except as provided by Subsection (h), for purposes of this chapter and subject to this section, "insurable property" means immovable property at a fixed...
- Texas Section 2210.005 - Designation As Catastrophe Area; Revocation Of Designation
(a) After at least 10 days' notice and a hearing, the commissioner may designate an area of the seacoast territory of this state as a...
- Texas Section 2210.006 - Applicability Of Chapter To Certain Insurers
(a) Except as provided by Subsection (b), this chapter applies to each insurer authorized to engage in the business of property insurance in this state,...
- Texas Section 2210.007 - Immunity From Liability In General
(a) This section applies to: (1) the association and a director, agent, or association staff; (2) the commissioner, the department, and department staff; and (3)...
- Texas Section 2210.008 - Department Orders; General Rulemaking Authority
(a) The commissioner may issue any orders that the commissioner considers necessary to implement this chapter. (b) The commissioner may adopt rules in the manner...
- Texas Section 2210.0081 - Certain Actions Brought Against Association By Commissioner
In an action brought by the commissioner against the association under Chapter 441: (1) the association's inability to satisfy obligations under Subchapter M related to...
- Texas Section 2210.009 - List Of Private Insurers; Incentive Plan
(a) The department shall maintain a list of all insurers that engage in the business of property and casualty insurance in the voluntary market in...
- Texas Section 2210.010 - Certain Conduct In Dispute Resolution Prohibited
(a) For purposes of this section, "presiding officer" includes a judge, mediator, arbitrator, appraiser, or panel member. (b) If a person insured under this chapter...
- Texas Section 2210.012 - Standards Of Conduct: Board Of Directors And Employees; Report Of Certain Fraudulent Conduct
(a) A member of the board of directors or an employee of the association may not: (1) accept or solicit any gift, favor, or service...
- Texas Section 2210.013 - Certain Employment And Contracts Prohibited
A member of the board of directors or an employee of the association may not appoint or employ, or contract with, the following individuals for...
- Texas Section 2210.014 - Applicability Of Certain Other Law
(a) A person may not bring a private action against the association, including a claim against an agent or representative of the association, under Chapter...
SUBCHAPTER B ADMINISTRATION OF ASSOCIATION
- Texas Section 2210.015 - Study Of Market Incentives; Biennial Reporting
(a) Each biennium, the department shall conduct a study of market incentives to promote participation in the voluntary windstorm and hail insurance market in the...
- Texas Section 2210.051 - Composition Of Association; Required Membership
(a) The association is composed of all property insurers authorized to engage in the business of property insurance in this state, other than insurers prevented...
- Texas Section 2210.052 - Member Participation In Association
(a) Each member of the association shall participate in insured losses and operating expenses of the association, in excess of premium and other revenue of...
- Texas Section 2210.053 - Operation Of Association
(a) In accordance with this chapter and the plan of operation, and with respect to insurance on insurable property, the association, on behalf of the...
- Texas Section 2210.054 - Annual Statement
(a) The association shall file annually with the department and the state auditor's office a statement covering periods designated by the department that summarizes the...
- Texas Section 2210.055 - Legal Counsel
(a) The association shall establish a plan in the plan of operation under which the association's legal representation before the department and the legislature is...
- Texas Section 2210.056 - Use Of Association Assets
(a) The association's net earnings may not inure, in whole or in part, to the benefit of a private shareholder or individual. (b) The association's...
- Texas Section 2210.057 - Examination Of Association
(a) The association is subject to Sections 401.051, 401.052, 401.054-401.062, 401.151, 401.152, 401.155, and 401.156 and Subchapter A, Chapter 86. (b) A final examination report...
- Texas Section 2210.058 - Audit Of Association
(a) The association is subject to audit by the state auditor and shall pay the costs incurred by the state auditor in performing an audit...
- Texas Section 2210.059 - Claims Practices Audit
(a) The commissioner, in the manner and at the time the commissioner determines to be necessary, shall conduct a random audit of claim files concerning...
- Texas Section 2210.060 - Indemnification By Association
(a) Except as provided by Subsection (b), the association shall indemnify each director, officer, and employee of the association and each member of the association...
- Texas Section 2210.061 - Contractors And Managerial Employees: Compensation And Bonuses
The association shall post on the association's Internet website any compensation, monetary or otherwise, and any bonus that, when aggregated, exceed $100,000 in a calendar...
SUBCHAPTER B-1 PAYMENT OF LOSSES
- Texas Section 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...
- Texas Section 2210.071 - Payment Of Excess Losses
If, in a catastrophe year, an occurrence or series of occurrences in a catastrophe area results in insured losses and operating expenses of the association...
- Texas Section 2210.0715 - Payment From Reserves And Trust Fund
(a) The association shall pay losses in excess of premium and other revenue of the association from available reserves of the association and available amounts...
- Texas Section 2210.072 - Payment From Class 1 Public Securities; Financial Instruments
(a) Losses not paid under Section 2210.0715 shall be paid as provided by this section from the proceeds from Class 1 public securities issued in...
- Texas Section 2210.0725 - Payment From Class 1 Assessments
(a) Losses in a catastrophe year not paid under Sections 2210.0715 and 2210.072 shall be paid as provided by this section from Class 1 member...
- Texas Section 2210.073 - Payment From Class 2 Public Securities
(a) Losses not paid under Sections 2210.0715, 2210.072, and 2210.0725 shall be paid as provided by this section from the proceeds from Class 2 public...
- Texas Section 2210.074 - Payment Through Class 2 Assessments
(a) Losses in a catastrophe year not paid under Sections 2210.0715, 2210.072, 2210.0725, and 2210.073 shall be paid as provided by this section from Class...
- Texas Section 2210.0741 - Payment Through Class 3 Public Securities
(a) Losses not paid under Sections 2210.0715, 2210.072, 2210.0725, 2210.073, and 2210.074 shall be paid as provided by this section from the proceeds from Class...
- Texas Section 2210.0742 - Payment From Class 3 Assessments
(a) Losses in a catastrophe year not paid under Sections 2210.0715, 2210.072, 2210.0725, 2210.073, 2210.074, and 2210.0741 shall be paid as provided by this section...
SUBCHAPTER C ASSOCIATION BOARD OF DIRECTORS; GENERAL
- Texas Section 2210.075 - Reinsurance
(a) Before any occurrence or series of occurrences, an insurer may elect to purchase reinsurance to cover an assessment for which the insurer would otherwise...
- Texas Section 2210.101 - Accountable To Commissioner
The board of directors is responsible and accountable to the commissioner. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April...
- Texas Section 2210.102 - Composition
(a) The board of directors is composed of nine members appointed by the commissioner in accordance with this section. (b) Three members must be representatives...
- Texas Section 2210.103 - Terms
(a) Members of the board of directors serve three-year staggered terms, with the terms of three members expiring on the third Tuesday of March of...
- Texas Section 2210.104 - Officers
The board of directors shall elect from the board's membership an executive committee consisting of a presiding officer, assistant presiding officer, and secretary-treasurer. Added by...
- Texas Section 2210.105 - Meetings
(a) Except for an emergency meeting, the association shall: (1) notify the department not later than the 11th day before the date of a meeting...
- Texas Section 2210.1051 - Meetings Of Board Of Directors
(a) Notwithstanding Chapter 551, Government Code, or any other law, members of the board of directors may meet by telephone conference call, videoconference, or other...
- Texas Section 2210.106 - Immunity Of Director Or Officer From Liability
(a) A director or officer of the association is not individually liable for an act or failure to act in the performance of official duties...
- Texas Section 2210.107 - Primary Board Objectives; Report
(a) The primary objectives of the board of directors are to ensure that the board and the association: (1) operate in accordance with this chapter,...
SUBCHAPTER D PLAN OF OPERATION
- Texas Section 2210.108 - Open Meetings And Open Records
(a) Except as specifically provided by this chapter or another law, the association is subject to Chapters 551 and 552, Government Code. (b) A settlement...
- Texas Section 2210.151 - Adoption Of Plan Of Operation
With the advice of the board of directors, the commissioner by rule shall adopt the plan of operation to provide Texas windstorm and hail insurance...
- Texas Section 2210.152 - Contents Of Plan Of Operation
(a) The plan of operation must: (1) provide for the efficient, economical, fair, and nondiscriminatory administration of the association; and (2) include: (A) a plan...
SUBCHAPTER E INSURANCE COVERAGE
- Texas Section 2210.153 - Amendments To Plan Of Operation
(a) The association may present a recommendation for a change in the plan of operation to the department at: (1) periodic hearings conducted by the...
- Texas Section 2210.201 - Definition Of Insurable Interest
In this subchapter, "insurable interest" includes any lawful and substantial economic interest in the safety or preservation of property from loss, destruction, or pecuniary damage....
- Texas Section 2210.202 - Application For Coverage
(a) A person who has an insurable interest in insurable property may apply to the association for insurance coverage provided under the plan of operation...
- Texas Section 2210.203 - Issuance Of Coverage; Term; Renewal
(a) If the association determines that the property for which an application for initial insurance coverage is made is insurable property, the association, on payment...
- Texas Section 2210.204 - Cancellation Of Certain Coverage
(a) Subsections (b) and (c) apply if: (1) an agent or another person, firm, or corporation finances the payment of all or a portion of...
- Texas Section 2210.2041 - Nonrefundable Surcharge
A nonrefundable surcharge established under this chapter is not refundable under this code for any reason or purpose. Added by Acts 2009, 81st Leg., R.S.,...
- Texas Section 2210.205 - Required Policy Provisions: Deadline For Filing Claim; Notice Concerning Resolution Of Certain Disputes
(a) A windstorm and hail insurance policy issued by the association must: (1) require an insured to file a claim under the policy not later...
- Texas Section 2210.207 - Windstorm And Hail Insurance: Replacement Cost Coverage
(a) In this section, "roof covering" means: (1) the roofing material exposed to the weather; (2) the underlayments applied for moisture protection; and (3) all...
- Texas Section 2210.208 - Windstorm And Hail Insurance: Coverage For Certain Indirect Losses
(a) Except as provided by Subsections (e) and (f), a windstorm and hail insurance policy issued by the association for a dwelling, as that term...
- Texas Section 2210.209 - Windstorm And Hail Insurance: Coverage For Certain Property Located Over Water
(a) A windstorm and hail insurance policy issued by the association may include coverage for: (1) a building or other structure located in the seacoast...
SUBCHAPTER F PROPERTY INSPECTIONS FOR WINDSTORM AND HAIL INSURANCE
- Texas Section 2210.210 - Coverage Of Certain Structures Prohibited
The association may not issue coverage for a wind turbine regardless of whether the turbine could otherwise be considered insurable property under this chapter. Added...
- Texas Section 2210.251 - Plan Of Operation Compliance Requirements
(a) Except as provided by this section, to be considered insurable property eligible for windstorm and hail insurance coverage from the association, a structure that...
- Texas Section 2210.2515 - Issuance Of Certificates Of Compliance
(a) In this section: (1) "Completed improvement" means: (A) an improvement in which the original transfer of title from the builder to the initial owner...
- Texas Section 2210.252 - International Residential Code Building Specifications
(a) After January 1, 2004, for geographic areas specified by the commissioner, the commissioner by rule may supplement the plan of operation building specifications with...
- Texas Section 2210.253 - Insurer Assessment: First Tier Coastal County
(a) In this section, "property insurance" means a commercial or residential insurance policy prescribed or approved by the department that provides coverage for windstorm and...
- Texas Section 2210.254 - Qualified Inspectors
(a) For purposes of this chapter, a "qualified inspector" includes: (1) a person determined by the department to be qualified because of training or experience...
- Texas Section 2210.2551 - Enforcement Authority; Rules
(a) The department has exclusive authority over all matters relating to the appointment and oversight of qualified inspectors for purposes of this chapter and to...
- Texas Section 2210.256 - Disciplinary Proceedings Regarding Appointed Inspectors And Certain Other Persons
(a) After notice and hearing, the department may revoke an appointment made under Section 2210.254 if the appointee is found to be in violation of...
- Texas Section 2210.257 - Deposit Of Fees
All fees collected by the department under this subchapter shall be deposited to the credit of the Texas Department of Insurance operating account. Added by...
- Texas Section 2210.258 - Compliance With Building Codes; Eligibility
(a) Except as provided by Subsections (c) and (d) and notwithstanding any other provision of this chapter, to be eligible for insurance through the association,...
- Texas Section 2210.2581 - Mandatory Compliance With Building Standards; Certain Structures
Except as provided by Sections 2210.251(d) and (e) and Section 2210.258(d), and notwithstanding Sections 2210.258(a), (b), and (c) or any other provision of this chapter,...
SUBCHAPTER H RATES; DISCOUNTS AND CREDITS
- Texas Section 2210.259 - Surcharge For Certain Noncompliant Structures
(a) Except as provided by Subsection (a-1), an insurance policy insuring a noncompliant residential structure under Section 2210.251(f) is subject to an annual premium surcharge...
- Texas Section 2210.351 - Association Filings
(a) The association must file with the department each manual of classifications, rules, rates, including condition charges, and each rating plan, and each modification of...
- Texas Section 2210.352 - Manual Rate Filings: Annual Filing
(a) Not later than August 15 of each year, the association shall file with the department a proposed manual rate for all types and classes...
- Texas Section 2210.353 - Manual Rate Filings: Amended Annual Filing
(a) Not later than the 30th day after the date the association receives the commissioner's written disapproval under Section 2210.352(c), the association may file with...
- Texas Section 2210.354 - Manual Rate Filings: Additional Supporting Information
(a) In conjunction with the review of a filing under Section 2210.352, other than a filing made under Subsection (a-1) of that section: (1) the...
- Texas Section 2210.355 - General Rate Requirements; Rate Standards
(a) Rates for coverage under this chapter must be made in accordance with this section. (b) In adopting rates under this chapter, the following must...
- Texas Section 2210.357 - Rate Classifications
All premiums written and losses paid under this chapter, as appropriate, must be included in applicable classifications for general ratemaking purposes. Added by Acts 2005,...
- Texas Section 2210.358 - Experience Data
(a) Not later than June 1 of each year, the department shall provide to the association and other interested persons the experience data to be...
- Texas Section 2210.359 - Limitation On Certain Rate Changes
(a) Except as otherwise provided by this subsection, a rate approved by the commissioner under this subchapter may not reflect an average rate change that...
- Texas Section 2210.361 - Association Recommendations Regarding Reductions In Coverages Or Increases In Deductibles
(a) The association may make recommendations to the commissioner that would result in a reduction of coverages or an increase in an applicable deductible if...
- Texas Section 2210.362 - Implied Consent By Applicant For Insurance Coverage
For purposes of this chapter, an applicant for insurance coverage is considered to have consented to the appropriate rates and classifications authorized by this chapter...
SUBCHAPTER J CATASTROPHE RESERVE TRUST FUND; REINSURANCE AND ALTERNATIVE RISK FINANCING
- Texas Section 2210.363 - Premium Discounts; Surcharge Credits
(a) The association may offer a person insured under this chapter an actuarially justified premium discount on a policy issued by the association, or an...
- Texas Section 2210.451 - Definition
In this subchapter, "trust fund" means the catastrophe reserve trust fund. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April...
- Texas Section 2210.452 - Establishment And Use Of Trust Fund
(a) The commissioner shall adopt rules under which the association makes payments to the catastrophe reserve trust fund. Except as otherwise specifically provided by this...
- Texas Section 2210.4521 - Investment Of Trust Fund Balances
(a) The comptroller shall invest in accordance with the investment standard described by Section 404.024(j), Government Code, the portion of the trust fund balance that...
- Texas Section 2210.453 - Funding Levels; Reinsurance And Alternative Risk Financing Mechanisms
(a) The association may purchase reinsurance or use alternative risk financing mechanisms or both as necessary. (b) The association shall maintain total available loss funding...
- Texas Section 2210.454 - Mitigation And Preparedness Plan
(a) The commissioner shall annually develop and implement a mitigation and preparedness plan. (b) Each state fiscal year, the department may fund the mitigation and...
SUBCHAPTER K LIABILITY LIMITS
- Texas Section 2210.455 - Catastrophe Plan
(a) Not later than June 1 of each year, the board shall submit to the commissioner, the legislative oversight board established under Subchapter N, the...
- Texas Section 2210.501 - Maximum Liability Limits
(a) The board of directors shall propose the maximum liability limits under a windstorm and hail insurance policy issued by the association under this chapter....
- Texas Section 2210.502 - Adjustments To Maximum Liability Limits
(a) Not later than September 30 of each year, the board of directors shall propose inflation adjustments to the maximum liability limits imposed under Section...
- Texas Section 2210.503 - Filing Of Proposed Adjustments With Commissioner
Not later than the 10th day after the date a proposed adjustment to the maximum liability limits is determined under Section 2210.501(a) or (b) or...
- Texas Section 2210.504 - Commissioner Action On Proposed Adjustments
(a) Not later than the 60th day after the date of receipt of a filing under Section 2210.503, and after notice and hearing, the commissioner...
- Texas Section 2210.505 - Reinsured Excess Limits
(a) Notwithstanding any other law, the association may issue a windstorm and hail insurance policy that includes coverage for an amount in excess of a...
SUBCHAPTER L CERTAIN APPEALS AND OTHER ACTIONS
- Texas Section 2210.506 - Exception From Certain Administrative Procedures
Chapter 40 does not apply to an action taken under this subchapter. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff....
- Texas Section 2210.551 - Appeals
(a) This section: (1) does not apply to: (A) a person who is required to resolve a dispute under Subchapter L-1; or (B) a person...
SUBCHAPTER L-1 CLAIMS: SETTLEMENT AND DISPUTE RESOLUTION
- Texas Section 2210.554 - Voluntary Arbitration Of Certain Coverage And Claim Disputes
(a) A person insured under this chapter may elect to purchase a binding arbitration endorsement in a form prescribed by the commissioner. A person who...
- Texas Section 2210.571 - Definitions
In this subchapter: (1) "Association policy" means a windstorm and hail insurance policy issued by the association. (2) "Claim" means a request for payment under...
- Texas Section 2210.572 - Exclusive Remedies And Limitation On Award
(a) This subchapter provides the exclusive remedies for a claim against the association, including an agent or representative of the association. (b) Subject to Section...
- Texas Section 2210.573 - Filing Of Claim; Claim Processing
(a) Subject to Section 2210.205(b), an insured must file a claim under an association policy not later than the first anniversary of the date on...
- Texas Section 2210.5731 - Payment Of Claim
(a) Except as provided by Subsection (b), if the association notifies a claimant under Section 2210.573(d)(1) or (2) that the association has accepted coverage for...
- Texas Section 2210.574 - Disputes Concerning Amount Of Accepted Coverage
(a) If the association accepts coverage for a claim in full and a claimant disputes only the amount of loss the association will pay for...
- Texas Section 2210.575 - Disputes Concerning Denied Coverage
(a) If the association denies coverage for a claim in part or in full and the claimant disputes that determination, the claimant, not later than...
- Texas Section 2210.576 - Issues Brought To Suit; Limitations On Recovery
(a) The only issues a claimant may raise in an action brought against the association under Section 2210.575 are: (1) whether the association's denial of...
- Texas Section 2210.577 - Limitations Period
(a) Notwithstanding any other law, a claimant who brings an action against the association under Section 2210.575 must bring the action not later than the...
- Texas Section 2210.578 - Expert Panel
(a) The commissioner shall appoint a panel of experts to advise the association concerning the extent to which a loss to insurable property was incurred...
- Texas Section 2210.579 - Construction With Other Law
(a) To the extent of any conflict between a provision of this subchapter and any other law, the provision of this subchapter prevails. (b) Notwithstanding...
- Texas Section 2210.580 - Rulemaking
(a) The commissioner shall adopt rules regarding the provisions of this subchapter, including rules concerning: (1) qualifications and selection of appraisers for the appraisal procedure,...
- Texas Section 2210.581 - Commissioner Extension Of Deadlines
(a) Subject to Subsection (b), the commissioner, on a showing of good cause, may by rule extend any deadline established under this subchapter. (b) With...
SUBCHAPTER M PUBLIC SECURITIES PROGRAM
- Texas Section 2210.582 - Ombudsman Program
(a) The department shall establish an ombudsman program to provide information and educational programs to assist persons insured under this chapter with the claim processes...
- Texas Section 2210.601 - Purpose
The legislature finds that authorizing the issuance of public securities to provide a method to raise funds to provide windstorm and hail insurance through the...
- Texas Section 2210.602 - Definitions
In this subchapter: (1) "Authority" means the Texas Public Finance Authority. (1-a) "Board" means the board of directors of the Texas Public Finance Authority. (1-b)...
- Texas Section 2210.603 - Applicability Of Other Laws
(a) The board shall issue the public securities as described by Section 2210.604 in accordance with and subject to the requirements of Chapter 1232, Government...
- Texas Section 2210.604 - Issuance Of Public Securities Authorized
(a) At the request of the association and with the approval of the commissioner, the Texas Public Finance Authority shall issue Class 1, Class 2,...
- Texas Section 2210.605 - Terms Of Issuance
(a) The board shall determine the method of sale, type and form of public security, maximum interest rates, and other terms of the public securities...
- Texas Section 2210.606 - Additional Covenants
The board may make additional covenants with respect to the public securities and the designated income and receipts of the association pledged to their payment,...
- Texas Section 2210.607 - Public Security Proceeds
The proceeds of public securities issued by the board under this subchapter may be deposited with the Texas Treasury Safekeeping Trust Company. Added by Acts...
- Texas Section 2210.608 - Use Of Public Security Proceeds
(a) Public security proceeds, including investment income, shall be held in trust for the exclusive use and benefit of the association. The association may use...
- Texas Section 2210.609 - Repayment Of Association's Public Security Obligations
(a) The board and the association shall enter into an agreement under which the association shall provide for the payment of all public security obligations...
- Texas Section 2210.610 - Public Security Payments
(a) Revenues received from the premium surcharges under Sections 2210.612, 2210.613, and 2210.6131 may be applied only as provided by this subchapter. (b) The association...
- Texas Section 2210.611 - Excess Revenue Collections And Investment Earnings
Revenue collected in any calendar year from a premium surcharge under Sections 2210.612, 2210.613, and 2210.6131 that exceeds the amount of the public security obligations...
- Texas Section 2210.612 - Payment Of Class 1 Public Securities
(a) The association shall pay Class 1 public securities issued under Section 2210.072 from: (1) net premium and other revenue; and (2) if net premium...
- Texas Section 2210.613 - Payment Of Class 2 Public Securities
(a) The association shall pay Class 2 public securities issued under Section 2210.073 from: (1) net premium and other revenue; and (2) if net premium...
- Texas Section 2210.6131 - Payment Of Class 3 Public Securities
(a) The association shall pay Class 3 public securities issued under Section 2210.0741 from: (1) net premium and other revenue; and (2) if net premium...
- Texas Section 2210.6132 - Contingent Source Of Payment For Class 2 And Class 3 Public Securities
(a) The commissioner may determine, in consultation with the board and the authority, that: (1) the authority is unable to issue Class 2 or Class...
- Texas Section 2210.614 - Refinancing Public Securities
The association may request the board to refinance any public securities issued in accordance with Subchapter B-1, whether Class 1, Class 2, or Class 3...
- Texas Section 2210.615 - Source Of Payment; State Debt Not Created
(a) A public security or credit agreement is payable solely from revenue as provided by this subchapter. (b) A public security issued under this subchapter,...
- Texas Section 2210.616 - State Not To Impair Public Security Obligations
(a) The state pledges for the benefit and protection of financing parties, the board, and the association that the state will not take or permit...
- Texas Section 2210.6165 - Property Rights
If public securities issued under this subchapter are outstanding, the rights and interests of the association, a successor to the association, any member of the...
- Texas Section 2210.617 - Enforcement By Mandamus
A writ of mandamus and any other legal and equitable remedies are available to a party at interest to require the association or another party...
- Texas Section 2210.618 - Exemption From Taxation
A public security issued under this subchapter, any transaction relating to the public security, and profits made from the sale of the public security are...
- Texas Section 2210.619 - No Personal Liability
The members of the association, members of the association board of directors, association employees, the board, the employees of the Texas Public Finance Authority, the...
SUBCHAPTER N LEGISLATIVE OVERSIGHT BOARD
- Texas Section 2210.620 - Authorized Investments
Public securities issued under this subchapter are authorized investments under: (1) Subchapter B, Chapter 424; (2) Subchapter C, Chapter 425; and (3) Sections 425.203-425.213. Added...
- Texas Section 2210.651 - Definition
In this subchapter, "board" means the windstorm insurance legislative oversight board. Added by Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 41, eff....
- Texas Section 2210.652 - Composition Of Board
The windstorm insurance legislative oversight board is composed of eight members as follows: (1) four members of the senate appointed by the lieutenant governor, including...
- Texas Section 2210.653 - Powers And Duties Of Board
(a) The board shall: (1) receive information about rules proposed by the department relating to windstorm insurance and may submit comments to the commissioner on...
SUBCHAPTER O DEPOPULATION PROGRAM
- Texas Section 2210.654 - Report
(a) Not later than November 15 of each even-numbered year, the board shall report on the board's activities under Section 2210.653 to: (1) the governor;...
- Texas Section 2210.701 - Depopulation Program
(a) The association shall administer, subject to commissioner approval, a depopulation program that encourages the transfer of association policies to insurers through the voluntary market...
- Texas Section 2210.702 - Assumption Reinsurance Depopulation
(a) The association shall make available to insurers who elect to participate in the depopulation program association policy information necessary for the insurers to determine...
- Texas Section 2210.703 - Renewal Of Reinsured Policies; Comparable Coverage
(a) An insurer electing to offer a policy under Section 2210.702 shall offer a renewal of that policy to the association policyholder for each of...
- Texas Section 2210.704 - Confidentiality Of Information; Use Of Policyholder's Agent
(a) An insurer may use information concerning a specific policy or insured provided by the association under Section 2210.702(a) only for the purposes of this...
- Texas Section 2210.705 - Transfer Of Policies
The commissioner shall by rule establish the procedure for the transfer of reinsured policies. The rule must provide that a reinsurance agreement include: (1) an...