Tex. Ins. Code § 2201.051

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

Section 2201.051 - General Qualifications of Risk Retention Group

A risk retention group must be a corporation or other limited liability association that:

(1) is organized primarily to assume and spread, and engages primarily in assuming and spreading, all or any portion of the liability exposure of the group's members; and

(2) otherwise meets the qualifications of this subchapter.

Tex. Ins. Code § 2201.051

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