Sec. 2153.055. INSURER QUALIFICATIONS. To qualify to write group automobile insurance, an insurer:
(1) must be authorized to engage in the business of automobile insurance in this state;
(2) must also be engaged in the business of writing automobile insurance for independent individual risks; and
(3) may not be organized solely to provide group automobile insurance.
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