Tex. Ins. Code § 2153.055

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2153.055 - Insurer Qualifications

To qualify to write group automobile insurance, an insurer:

(1) must be authorized to engage in the business of automobile insurance in this state;

(2) must also be engaged in the business of writing automobile insurance for independent individual risks; and

(3) may not be organized solely to provide group automobile insurance.

Tex. Ins. Code § 2153.055

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.