Sec. 2201.203. AGENT TO VERIFY AUTHORITY. Before placing business with a risk retention group, each agent shall secure from the appropriate insurance regulatory authority a certified copy of the certificate of authority verifying that the insurer is authorized in the insurer's domiciliary jurisdiction to write the liability insurance policy the agent proposes to procure from the insurer.
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 E. Provisions Regulating General Operation
Section 2201.201. Scope of Authority
Section 2201.202. Plan of Operation
Section 2201.203. Agent to Verify Authority
Section 2201.204. Applicability of Certain Requirements for Liability Insurers
Section 2201.205. Risk Retention Group Participation in Insolvency Guaranty Fund Prohibited
Section 2201.206. Required Notice
Section 2201.207. Prohibited Activities