Sec. 2171.002. AUTHORIZATION FOR ISSUANCE. An insurer may write commercial group property insurance for:
(1) a group of businesses that constitutes a large risk if the members of the group have clearly identifiable underwriting characteristics; or
(2) an association that constitutes a large risk if the members of the association are engaged in similar undertakings.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: Previous 2171.001 2171.002 2171.003 2171.004 NextLast modified: September 28, 2016