Texas Insurance Code § 2153.055 Insurer Qualifications

Sec. 2153.055. INSURER QUALIFICATIONS. To qualify to write group automobile insurance, an insurer:

(1) must be authorized to engage in the business of automobile insurance in this state;

(2) must also be engaged in the business of writing automobile insurance for independent individual risks; and

(3) may not be organized solely to provide group automobile insurance.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Section: Previous  2153.001  2153.002  2153.003  2153.051  2153.052  2153.053  2153.054  2153.055  2153.056  2153.057  2153.058  2153.059  2153.101  2153.102  Next

Last modified: September 28, 2016