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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 5PROPERTY AND CASUALTY INSURANCE
SUBCHAPTER TFAIR PLAN
DIVISION 1PLAN OF OPERATION
RULE §5.9928Additional Powers of the Association

The powers of the Association shall include the following:

  (1) the ability to sue;

  (2) the ability to own or lease real estate for its operations;

  (3) the ability to retain the services of experts to aid it in carrying out its operations;

  (4) the ability to generally contract for goods and services needed to carry out its operations;

  (5) the ability to invest its funds in accordance with Insurance Code Article 2.10; and

  (6) the ability to conclude its affairs should the FAIR Plan be deactivated by the Commissioner.


Source Note: The provisions of this §5.9928 adopted to be effective May 28, 2003, 28 TexReg 4153

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