Section 2201.255 - Notice to Commissioner; Filing Fee(a) Before engaging in business in this state, a purchasing group must provide notice to the commissioner. The notice must:(1) identify the state in which the group is domiciled;(2) specify the lines and classifications of liability insurance the group intends to purchase;(3) specify the method by which and the persons, if any, through whom insurance will be offered to group members whose risks are located in this state;(4) identify the insurer from which the group intends to purchase group insurance and the domicile of that insurer;(5) identify the group's principal place of business and, if ascertainable at the time of filing, the group's location; and(6) provide other information the commissioner requires to verify that the group qualifies as a purchasing group under Section 2201.251.(b) The commissioner by rule shall impose a filing fee in an amount not to exceed $100 for filing notice under this section. Fees collected under this subsection shall be deposited to the credit of the Texas Department of Insurance operating account.Tex. Ins. Code § 2201.255
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.