SECTION 252.305. Purchases of Prohibited Lines

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(a) After reviewing lines of insurance as provided under §252.301, the Office may prohibit agencies from purchasing particular lines of insurance. Agencies may apply to the Office for an exception to purchase coverage under a prohibited line in the following manner:
(1) submit a SORM-201 to the Office 45 days before the effective date of the proposed policy; and
(2) state the grounds for seeking the otherwise prohibited policy.
(b) After review of the submission, the Office may grant an exception for an otherwise prohibited policy to be used by a specific agency.

Source Note: The provisions of this §252.305 adopted to be effective December 22, 2002, 27 TexReg 11775

                    
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