Texas Insurance Code 2201.053 – Status as Liability Insurer Required
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 2201.053
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
A corporation or other limited liability association must be chartered and authorized to engage in the business of insurance as a liability insurer under the laws of any state to act as a risk retention group.