Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 5 - PROPERTY AND CASUALTY INSURANCE
Subchapter N - RESIDENTIAL PROPERTY INSURANCE MARKET ASSISTANCE PROGRAM
Division 2 - PLAN OF OPERATION
Section 5.9407 - Participating Insurers
Universal Citation: 28 TX Admin Code § 5.9407
Current through Reg. 50, No. 26; June 27, 2025
(a) Eligibility. An insurer as defined in §5.9403 of this plan of operation (also § 5.9403 of this title (relating to Definitions)) is eligible to participate in the MAP.
(b) Voluntary participation.
(1) An insurer who wishes to participate in
the MAP shall notify the Department in writing of the insurer's intent to
voluntarily participate in the MAP.
(2) An insurer may use any criteria from the
MAP application to select applications for review.
(3) A participating insurer shall notify all
agents appointed with the insurer that the insurer is voluntarily participating
in the MAP and shall provide to its agents information about the MAP and its
procedures.
(4) A participating
insurer shall provide the Department with no less than 30 days advance written
notice when the insurer decides to terminate its voluntary participation in the
MAP.
(c) Required compliance with insurance laws and regulations.
(1) A participating insurer shall comply with
all laws, rules and regulations governing the operation of the MAP.
(2) A participating insurer is subject to all
other applicable laws, rules, and regulations governing the writing of
residential property insurance in this state.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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