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The Texas Insurance Code requires the FAIR plan to file proposed rate changes with the commissioner; the commissioner then has 60 days to approve or disapprove the rates in whole or in part. Proposed rate changes were filed with the commissioner in December 2022. The deadline was extended to March 22, 2023 and rates have been approved to take effect August 1, 2023. 

FAIR stands for Fair Access to Insurance Requirements, and plans began in the 1960s as a way to enable residents and businesses to obtain fire insurance that wasn’t available through the standard market. Many states have FAIR plans, and coverage is provided which allows insureds in certain areas with limited insurance options to obtain property insurance.

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Christine G. Barlow, CPCU

Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.  

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