Texas § IN.2151.154 - ASSIGNMENT DISTRIBUTION PLAN
Full text of Texas The Texas Constitution § IN.2151.154 — ASSIGNMENT DISTRIBUTION PLAN, with citation guidance and answers to common questions.
§ IN.2151.154. ASSIGNMENT DISTRIBUTION PLAN
ASSIGNMENT DISTRIBUTION PLAN. (a) The plan of operation must include a voluntary, competitive limited assignment distribution plan that allows an authorized insurer to contract directly with a servicing carrier to accept assignments to the servicing carrier by the association. (b) A servicing carrier must be authorized to write automobile insurance in this state and must: (1) have written automobile liability insurance in this state for at least five years; or (2) be currently engaged as a servicing carrier for assigned risk automobile business in at least one other state. (c) After notice and hearing, the commissioner may prohibit an insurer from acting as a servicing carrier. (d) An authorized insurer and a servicing carrier shall determine through negotiation the terms of a contract described by this section, including the buy-out fee. (e) The governing committee may: (1) adopt reasonable rules for the conduct of business under a contract described by this section; and (2) establish reasonable standards of eligibility for servicing carriers. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 3B.058, eff. September 1, 2007. Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167 ), Sec. 9.058, eff. September 1, 2007. SUBCHAPTER E. RATES FOR INSURANCE; HEARING
Frequently Asked Questions About Texas § IN.2151.154
What does The Texas Constitution § IN.2151.154 cover?
Section IN.2151.154 ("ASSIGNMENT DISTRIBUTION PLAN") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2151.154?
A common citation format is "The Texas Constitution § IN.2151.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2151.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.