A group violating the requirements described in this section shall not have the status of a purchasing group or risk retention group under the Insurance Code, Article 21.54. (1) A group doing business in Texas as a purchasing group must first furnish notice to, and register with, the commissioner of insurance, pursuant to the Insurance Code, Article 21.54, §7. (2) A group doing business in Texas as a risk retention group must first complete the process of being chartered or registered under the Insurance Code, Article 21.54, §3 or §4.
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