New Laws Passed: How They May Affect Agents and Policyholders
The Texas Legislature recently passed several new laws that impact the Texas FAIR Plan Association (TFPA).
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TFPA by the Numbers
Texas FAIR Plan Association provides coverage to properties that are denied by other insurance carriers.
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Apply for Coverage and Maintain Eligibility
We Insure Texans
TFPA was established by the Texas Legislature to provide essential property insurance for eligible Texas property owners when no one else will. The Texas Legislature provided the statutory authority for the creation of the Texas FAIR Plan Association in 1995. That statute was enacted in 2002 and TFPA was created.
Texas FAIR Plan Association does not compete with the private market and applicants must have two declinations from other insurers in order to obtain coverage with TFPA.
