Texas § IN.463.102 - PLAN OF OPERATION
Full text of Texas The Texas Constitution § IN.463.102 — PLAN OF OPERATION, with citation guidance and answers to common questions.
§ IN.463.102. PLAN OF OPERATION
PLAN OF OPERATION; AMENDMENTS. (a) The association shall perform the association's functions under a plan of operation approved by the commissioner. The plan of operation must: (1) establish: (A) procedures for handling the assets of the association; (B) the amount and method of reimbursing board members under Section 463.056 ; (C) regular places and times for board meetings, including telephone conference calls; (D) procedures for maintaining records of all financial transactions of the association, the association's agents, and the board; and (E) additional procedures for assessments under Subchapter D; and (2) contain additional provisions necessary or proper for the execution of the association's powers and duties. (b) The association may amend the plan of operation. An amendment must be approved by the commissioner and takes effect on: (1) the date the commissioner approves the amendment; or (2) the 60th day after the date the amendment is submitted to the commissioner for approval, if the commissioner does not approve or disapprove the amendment before the 60th day. (c) Each member insurer shall comply with the plan of operation. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007. Amended by: Acts 2019, 86th Leg., R.S., Ch. 432 (S.B. 1153 ), Sec. 8, eff. September 1, 2019.
Frequently Asked Questions About Texas § IN.463.102
What does The Texas Constitution § IN.463.102 cover?
Section IN.463.102 ("PLAN OF OPERATION") 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.463.102?
A common citation format is "The Texas Constitution § IN.463.102" (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.463.102 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.