Texas Insurance Code 2201.253 – Limitations On Authority
Current as of: 2024 | Check for updates
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(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.