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Current as of January 01, 2024 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2201.253. Limitations on Authority - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2201-253/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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