28 Tex. Admin. Code § 5.9401 - Purpose and Scope
(a) The purpose of the
Residential Property Insurance Market Assistance Program is to provide a fair,
efficient, and economical voluntary mechanism to assist Texas consumers in
obtaining residential property insurance in all underserved areas of the state,
including rural areas, as designated by the Commissioner of Insurance pursuant
to Article 21.49-12 of the Insurance Code.
(b) The purpose of this plan of operation,
which is contained in §§
5.9401-5.9415 of this title (relating to
the Residential Property Insurance Market Assistance Program Plan of
Operation), is to specify the procedures and methods of operation of the
Residential Property Insurance Market Assistance Program, including:
(1) eligibility requirements;
(2) policy forms and types of
coverage;
(3) rates;
(4) application forms and
procedures;
(5) role and
responsibilities of participating insurers;
(6) role and responsibilities of
participating agents and requirements for commissions;
(7) role and responsibilities of the
Executive Committee;
(8) role and
responsibilities of the Commissioner of Insurance and the Texas Department of
Insurance;
(9) procedures for
monitoring the operation of the MAP;
(10) criteria and procedures for mandatory
participation by insurers;
(11)
procedures for amendment of the plan of operation; and
(12) procedures for termination of the
MAP.
Notes
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