1. (a) The stamping office shall perform its functions under the plan of operation.

2. (b) The stamping office shall conduct the following activities as provided in the plan of operation:

   1. (1) receive, record, and review each surplus lines insurance contract that a surplus lines agent is required to file with the office;
   2. (2) provide to the commissioner an evaluation of the eligibility of each surplus lines insurance contract and surplus lines insurer;
   3. (3) prepare monthly reports for the commissioner relating to surplus lines insurance obtained during the preceding month in a form prescribed by the commissioner;
   4. (4) prepare reports for the commissioner relating to surplus lines business;
   5. (5) collect from each surplus lines agent a stamping fee for the costs of operations to be paid by the insured and determined by the department in an amount not to exceed three-fourths of one percent of gross premium resulting from surplus lines insurance contracts;
   6. (6) employ persons;
   7. (7) borrow money;
   8. (8) enter into contracts;
   9. (9) perform any other acts to facilitate or encourage compliance with this chapter and rules adopted under this chapter; and
   10. (10) provide any other service incidental or related to an office purpose.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.