At the 1996 summer convention in Dallas, the National HBPA created a formalized mission statement for the organization:

1. Provide insurance services to members.
  a. Fire & Disaster
  b. Third Party Liability

2. Disseminate vital information on critical issues to horsemen and promote exchange of ideas and information.

3. Promote the development of threshold levels for therapeutic medication particularly and generally promote needed reform in medication rules and research.

4. Provide a national voice for horsemen on matters of national policy and of national interest. Assist individual affiliates with particular problems. Promote the preservation and enhancement of live racing in North America.

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