Sec. 2201.056. AUTHORIZED ACTIVITIES. (a) A risk retention group may provide:
(1) liability insurance for assuming and spreading all or any portion of the liability of the group's members; and
(2) reinsurance with respect to the liability of another risk retention group, or a member of that group, engaged in businesses or activities that meet the requirements of Section 2201.055(a) for membership in the group providing reinsurance.
(b) A risk retention group may not engage in activities that include providing insurance other than the insurance described by Subsection (a).
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