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TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 13 | MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES |
SUBCHAPTER D | RISK RETENTION GROUPS AND PURCHASING GROUPS |
RULE §13.308 | Requirement of Similar or Related Liability Exposure |
This section states rules for a group doing business in Texas as a purchasing group or risk retention group, defining the requirement of similar or related liability exposure, pursuant to the Insurance Code, Article 21.54, §2(9) and (10). If a group violates any of the provisions in this section, the group does not meet the requirement. Any group or organization that fails to meet the requirement shall not have the status of a risk retention group or a purchasing group under the Insurance Code, Article 21.54. |
Source Note: The provisions of this §13.308 adopted to be effective March 8, 1991, 16 TexReg 1290. |