Section 2210.053 - Operation of Association(a) In accordance with this chapter and the plan of operation, and with respect to insurance on insurable property, the association, on behalf of the association's members, may:(1) cause issuance of insurance policies to applicants for insurance coverage;(2) assume reinsurance from the members;(3) cede reinsurance to the members; and(4) purchase reinsurance on behalf of the members.(b) The department may develop programs to improve the efficient operation of the association, including a program for approving policy forms under Section 2301.010 and a program designed to create incentives for insurers to write windstorm and hail insurance voluntarily to cover property located in a catastrophe area, especially property located on the barrier islands of this state.(c) The association may not be considered a debtor authorized to file a petition or seek relief in bankruptcy under Title 11, United States Code.Tex. Ins. Code § 2210.053
Amended By Acts 2011, 82nd Leg., 1st C.S., Ch. 2, Sec. 6, eff. 9/28/2011.Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.