28 Tex. Admin. Code § 5.9928

Current through Reg. 49, No. 25; June 21, 2024

Section 5.9928 - Additional Powers of the Association

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.

28 Tex. Admin. Code § 5.9928

The provisions of this §5.9928 adopted to be effective May 28, 2003, 28 TexReg 4153