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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 15SURPLUS LINES INSURANCE
SUBCHAPTER CSURPLUS LINES STAMPING OFFICE PLAN OF OPERATION
RULE §15.201Commissioner Approval

(a) The stamping office's plan of operation (plan of operation) and any amendment to it become effective on written approval by Commissioner order, and constitute the manner in which the stamping office must operate and discharge its responsibilities in accordance with the Insurance Code and TDI's rules.

(b) The stamping office must submit proposed amendments to the plan of operation to the Commissioner for consideration and approval.

  (1) The Commissioner may accept or reject some or all of the proposed amendments.

  (2) TDI will provide public notice and an opportunity to comment on some or all of the proposed amendments.

  (3) The Commissioner will approve amendments to the plan of operation by Commissioner order.

(c) If the stamping office fails to submit an acceptable amendment to the plan of operation, the Commissioner may amend the plan of operation as set forth in Insurance Code §981.153(c).

(d) The stamping office must post the most current approved plan of operation on its website.

(e) If the stamping office's board of directors recommends changing the stamping fee, the Commissioner will post notice in the Texas Register that a stamping fee change is being considered and allow for a 20-day comment period. The notice will specify the current stamping fee and the proposed stamping fee. After the close of the comment period and review of the comments, the Commissioner will either approve or deny changing the stamping fee by order.


Source Note: The provisions of this §15.201 adopted to be effective December 30, 2018, 43 TexReg 8455

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