Sec. 2201.252. DETERMINATION OF LOCATION. (a) For purposes of this subchapter, a purchasing group is considered to be located in the state in which the highest aggregate premiums are in force on the date the group insurance policy is written or renewed. The group's location is ascertained on each placement or renewal of insurance by the group with an insurer or risk retention group.
(b) For purposes of this section, a group insurance policy is considered to be renewed annually.
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 F. Purchasing Groups
Section 2201.251. General Qualifications of Purchasing Group
Section 2201.252. Determination of Location
Section 2201.253. Limitations on Authority
Section 2201.254. Application of State Law
Section 2201.255. Notice to Commissioner; Filing Fee
Section 2201.256. Registration Requirement; Fees
Section 2201.257. Payment of Premium Taxes
Section 2201.258. Purchasing Group Participation in Insolvency Guaranty Fund Prohibited; Exception