The FAIR Plan Association Governing Committee is composed of how many voting members appointed by the Commissioner?

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Prepare for the Texas Statutes and Rules Pertinent to Property and Casualty Insurance Test. Utilize flashcards and multiple choices with hints and full explanations to master the content. Ace your exam with confidence!

Multiple Choice

The FAIR Plan Association Governing Committee is composed of how many voting members appointed by the Commissioner?

Explanation:
The number of voting members on the FAIR Plan Association Governing Committee is eleven. This is set by the Texas Insurance Code provisions that establish and govern the FAIR Plan, specifying that the Commissioner appoint eleven individuals to serve as voting members. Having a fixed eleven-member board provides balanced representation while keeping decision-making practical. The other numbers don’t align with the statutory requirement, so they aren’t correct.

The number of voting members on the FAIR Plan Association Governing Committee is eleven. This is set by the Texas Insurance Code provisions that establish and govern the FAIR Plan, specifying that the Commissioner appoint eleven individuals to serve as voting members. Having a fixed eleven-member board provides balanced representation while keeping decision-making practical. The other numbers don’t align with the statutory requirement, so they aren’t correct.

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