Sec. 2153.052. ELIGIBILITY OF GROUP. (a) To be eligible for group marketing, a group must:
(1) have existed for at least six months before the date the group automobile insurance is purchased; and
(2) be organized for a purpose other than to become an insurance group under this chapter.
(b) The group may include any group that is actuarially credible for underwriting purposes.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2153 - Group Marketing of Automobile Insurance for Persons Over 55 Years of Age
Subchapter B. Conditions for Issuance of Group Automobile Insurance
Section 2153.051. Authorization for Issuance of Group Automobile Insurance
Section 2153.052. Eligibility of Group
Section 2153.053. Eligibility of Group Member
Section 2153.054. Guaranteed Issue
Section 2153.055. Insurer Qualifications
Section 2153.056. Vehicles Covered
Section 2153.057. Individual Policies