SECTION 5.9928. Additional Powers of the Association

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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.

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

                    
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