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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 13MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES
SUBCHAPTER DRISK RETENTION GROUPS AND PURCHASING GROUPS
RULE §13.302Definitions

The following words and terms, when used in this subchapter, shall have the following meanings, unless the context clearly indicates otherwise.

  (1) Doing business in Texas as a risk retention group or purchasing group--

    (A) operating in, soliciting members in, having members in, or having an office in, Texas; and

    (B) claiming to be, representing itself to be, or operating as, a risk retention group or purchasing group.

  (2) Purchasing group--The meaning given by the Insurance Code, Article 21.54.

  (3) Risk retention group--The meaning given by the Insurance Code, Article 21.54.


Source Note: The provisions of this §13.302 adopted to be effective March 8, 1991, 16 TexReg 1290.

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