Tex. Ins. Code § 2201.055 · Subchapter B. RISK RETENTION GROUP QUALIFICATIONS
QUALIFICATIONS REGARDING MEMBERSHIP.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A risk retention group must be composed of members who are engaged in similar or related businesses or activities with respect to the liability to which those members are exposed by virtue of any related, similar, or common product, trade, business, operations, premises, or services.
(b) A risk retention group must have:
(1) as members, only persons who are provided insurance by the group; or
(2) as the sole owner, an organization that has:
(A) as members, only persons who comprise the membership of the group; and
(B) as owners, only persons who comprise the membership of the group and are provided insurance by the group.
(c) A risk retention group may not exclude a person from membership in the group solely to provide a competitive advantage for group members over that person.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2201.htm
- Text hash
- sha256 29ecd3dd3378a347745c19ccf850e6f46d598ff0dd4b4bb308c1d9da2af6d637
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 2201.055. Each shows the citation as that text prints it.
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