Gavvy: Texas Department of Insurance, Rule 5.4702 Requirement for Vote of Rate Filing and Prohibition On Purchasing Reinsurance from Certain Insurers Or Brokers

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Rule 5.4702 Requirement for Vote of Rate Filing and Prohibition On Purchasing Reinsurance from Certain Insurers Or Brokers

(a) The Texas Windstorm Insurance Association (TWIA) board of directors must comply with Insurance Code §2210.3512 in all votes on proposed rate filings. (b) TWIA must comply with Insurance Code §2210.453(f) in all purchases of reinsurance under §2210.453. (c) This section is part of TWIA's plan of operation. Source Note: The provisions of this §5.4702 adopted to be effective November 14, 2021, 46 TexReg 7802

Gavvy last updated this database on: Aug 7, 2024