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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Before engaging in business in this state, a purchasing group must provide notice to the commissioner. The notice must:
(1) identify the state in which the group is domiciled;
(2) specify the lines and classifications of liability insurance the group intends to purchase;
(3) specify the method by which and the persons, if any, through whom insurance will be offered to group members whose risks are located in this state;
(4) identify the insurer from which the group intends to purchase group insurance and the domicile of that insurer;
(5) identify the group's principal place of business and, if ascertainable at the time of filing, the group's location; and
(6) provide other information the commissioner requires to verify that the group qualifies as a purchasing group under Section 2201.251.
(b) The commissioner by rule shall impose a filing fee in an amount not to exceed $100 for filing notice under this section. Fees collected under this subsection shall be deposited to the credit of the Texas Department of Insurance operating account.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2201.255. Notice to Commissioner; Filing Fee - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2201-255/
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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