plan evaluation

plan evaluation Sec. 1214. [12 U.S.C. 1749bbb–6] (a) In accordance with such rules and regulations as the Director may prescribe, each State insurance authority shall— (1) transmit to the Director any proposed or adopted plan, or amendments thereto; and (2) advise the Director, from time to time, concerning the operation of the plan, its effectiveness in providing essential property insurance, and the need to form a pool of insurers or adopt other programs to make essential property insurance more readily available in urban areas of the State. (b) The Director may, after full consultation with the Board, by rules and regulations, modify the plan criteria set forth under this part, if he finds, on the basis of experience, that such action is necessary or desirable to carry out the purposes of this title. The Director may also, with respect to any State, waive compliance with one or more of the plan criteria, upon certification by the State insurance authority that compliance is unnecessary or inadvisable under local conditions or State law.