28 Tex. Admin. Code § 252.305 - Purchases of Prohibited Lines
(a) After
reviewing lines of insurance as provided under §252.301, the Office may
prohibit agencies from purchasing particular lines of insurance. Agencies may
apply to the Office for an exception to purchase coverage under a prohibited
line in the following manner:
(1) submit a
SORM-201 to the Office 45 days before the effective date of the proposed
policy; and
(2) state the grounds
for seeking the otherwise prohibited policy.
(b) After review of the submission, the
Office may grant an exception for an otherwise prohibited policy to be used by
a specific agency.
Notes
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