Sec. 2201.001. PURPOSE OF CHAPTER. The purpose of this chapter is to:
(1) regulate the formation and operation of risk retention groups and purchasing groups in this state formed under:
(A) the Product Liability Risk Retention Act of 1981 (15 U.S.C. Section 3901 et seq.); or
(B) the Liability Risk Retention Act of 1986 (15 U.S.C. Section 3901 et seq.); and
(2) protect the public by the appropriate regulation of groups described by Subdivision (1) to the extent permitted by law.
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 2201 - Risk Retention Groups and Purchasing Groups
Subchapter A. General Provisions
Section 2201.001. Purpose of Chapter
Section 2201.002. General Definitions
Section 2201.003. Liability Defined
Section 2201.004. Agent License Required
Section 2201.005. Exemption From Certain Requirements