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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 10. PROPERTY AND CASUALTY INSURANCE |
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Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
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Chapter 2208. TEXAS PUBLIC ENTITY EXCESS INSURANCE POOL |
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Subchapter D. PLAN OF OPERATION |
Sec. 2208.152. CONTENTS OF PLAN OF OPERATION
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(a) Subject to the requirements of this chapter, the plan of operation must include:
(1) the organizational structure of the pool, the board's method of procedure and operation, and a summary of the method for managing and operating the pool;
(2) a description of the financial arrangements necessary to cover the initial expenses of the pool and estimates, supported by statistical data, of the amounts of those contributions or other financial arrangements;
(3) underwriting guidelines and procedures for evaluating risks;
(4) procedures for purchasing reinsurance;
(5) methods, procedures, and guidelines for:
(A) establishing premium rates for and maximum limits of excess coverage available from the pool; and
(B) managing and investing the fund;
(6) procedures for processing and paying claims;
(7) methods and procedures for defraying losses and expenses of the pool; and
(8) guidelines for nonrenewal of coverage.
(b) The plan of operation may include any matter relating to the organization and operation of the pool or to the pool's finances.