Section 2201.253 - Limitations on Authority(a) A purchasing group located in this state may not purchase liability insurance from a risk retention group that is not chartered in a state or from an insurer that does not hold a certificate of authority to engage in the business of insurance in this state unless the purchase is effected through a licensed agent acting under Chapter 981.(b) A purchasing group may not offer insurance policy coverage declared unlawful by the Texas Supreme Court.Tex. Ins. Code § 2201.253
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.