Tex. Ins. Code § 2201.102 · Subchapter C. RISK RETENTION GROUPS CHARTERED IN THIS STATE
CHARTER APPLICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A risk retention group that applies to be chartered in this state shall provide to the commissioner with the application for charter the following in accordance with rules adopted by the commissioner:
(1) the group's name;
(2) the identity of the group's initial members;
(3) the identity of the individuals who organized the group or who will provide administrative services or otherwise influence or control the group's activities;
(4) the amount and nature of initial capitalization;
(5) the coverages to be afforded; and
(6) the states in which the group intends to operate.
(b) Immediately on receipt of an application for charter, the commissioner shall provide summary information concerning the filing, including the information provided under Subsection (a), to the National Association of Insurance Commissioners.
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 b8f43983ba08d73eb6daf5e017e7607c5ff64b79388673e4d9f6f8fe906a00da
- 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 § 2201.102. Each shows the citation as that text prints it.
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