Sec. 2201.208. INJUNCTIVE RELIEF. An order issued by a United States district court enjoining a risk retention group from soliciting or selling insurance or operating in any state, in all states, or in any territory or possession of the United States on a finding that the group is in a hazardous financial condition, is financially impaired, or is insolvent is enforceable in the courts of this state.
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