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Texas Insurance Code - INS § 2201.158. Injunctive Relief

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A risk retention group not chartered in this state must comply with the terms of an injunction issued by a court of this state or any other state based on a finding that the group is in a hazardous financial condition or is financially impaired.

(b) Injunctive relief must be issued by a court if the commissioner seeks to enjoin a risk retention group not chartered in this state from:

(1) violating the law of this state prohibiting deceptive, false, or fraudulent acts or practices;

(2) soliciting or selling insurance to a person who is not eligible for membership in the group; or

(3) soliciting or selling insurance or operating when the group is in a hazardous financial condition or is financially impaired.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2201.158. Injunctive Relief - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2201-158/

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