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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A purchasing group meeting the criteria established under the Liability Risk Retention Act of 1986 (15 U.S.C. Section 3901 et seq.) is exempt from any law of this state that:
(1) relates to the creation of groups for the purchase of insurance;
(2) requires countersignatures;
(3) prohibits group purchasing; or
(4) discriminates against a purchasing group or the group's members.
(b) An insurer is exempt from any law of this state that prohibits providing or offering to provide to a purchasing group or the group's members advantages based on the group's or members' loss and expense experience that are not afforded to other persons with respect to rates, policy forms, coverages, or other matters.
(c) A purchasing group is subject to all other applicable laws of this state.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2201.254. Application of State Law - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2201-254/
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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