The Texas Department of Insurance published a bulletin providing information on the FAIR plan assessment and recoupment information.
The Texas FAIR Plan Association requested the right to assess participating insurers for the FAIR plan’s 2024 deficit of $60.1 million, which the insurance commissioner approved on September 2, 2025. The FAIR plan assessed participating insurers on September 18, 2025. The first day to recoup for the 2024 assessment is December 17, 2025, and the last day shall be December 16, 2028.
For last year’s 2023 assessment of $17.6 million, the first day to recoup was March 13, 2025, and the last day to recoup is March 12, 2028.
Insurers are required to pay their share within 30 days of receiving the FAIR plan’s notice of assessment. Failure to do so may result in suspension or revocation of the certificate of authority for an insurer.
Insurers may recoup their assessment with a premium surcharge, but they are not required to do so. If an insurer does decide to recoup, they must surcharge every property insurance policy insuring property in the state; they may not charge some policies and not others. Both personal and commercial property policies are subject to the surcharge.
The bulletin can be found here.