Sec. 2201.051. GENERAL QUALIFICATIONS OF RISK RETENTION GROUP. A risk retention group must be a corporation or other limited liability association that:
(1) is organized primarily to assume and spread, and engages primarily in assuming and spreading, all or any portion of the liability exposure of the group's members; and
(2) otherwise meets the qualifications of this subchapter.
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 B. Risk Retention Group Qualifications
Section 2201.051. General Qualifications of Risk Retention Group
Section 2201.052. Name of Group
Section 2201.053. Status as Liability Insurer Required
Section 2201.054. Qualifications Regarding Authority of Certain Entities to Engage in Business