Sec. 2201.053. STATUS AS LIABILITY INSURER REQUIRED. A corporation or other limited liability association must be chartered and authorized to engage in the business of insurance as a liability insurer under the laws of any state to act as a risk retention group.
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