Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 5 - PROPERTY AND CASUALTY INSURANCE
Subchapter T - FAIR PLAN
Division 1 - PLAN OF OPERATION
Section 5.9928 - Additional Powers of the Association
Universal Citation: 28 TX Admin Code § 5.9928
Current through Reg. 50, No. 13; March 28, 2025
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.
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