Sec. 541.005. APPLICABILITY TO RISK RETENTION OR PURCHASING GROUP. (a) A risk retention group or purchasing group described by Subchapter B, Chapter 2201, or Section 2201.251 that is not chartered in this state may not engage in a trade practice in this state that is defined as unlawful under this chapter.
(b) A risk retention group or purchasing group is subject to this chapter and rules adopted under this chapter.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2D.005, eff. April 1, 2009.
Structure Texas Statutes
Title 5 - Protection of Consumer Interests
Subtitle C - Deceptive, Unfair, and Prohibited Practices
Chapter 541 - Unfair Methods of Competition and Unfair or Deceptive Acts or Practices
Subchapter A. General Provisions
Section 541.003. Unfair Methods of Competition and Unfair or Deceptive Acts or Practices Prohibited
Section 541.004. Venue for Actions Involving Department or Commissioner
Section 541.005. Applicability to Risk Retention or Purchasing Group
Section 541.006. Prohibited Content of Certain Insurance Policies