Sec. 2201.207. PROHIBITED ACTIVITIES. A risk retention group may not:
(1) solicit or sell insurance to any person who is not eligible for membership in the group;
(2) solicit or sell insurance or operate if the group is in a hazardous financial condition or is financially impaired; or
(3) engage in business in this state if an insurer is directly or indirectly a member or owner of the group, unless all of the group members are insurers.
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