Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2153. GROUP MARKETING OF AUTOMOBILE INSURANCE FOR PERSONS OVER 55 YEARS OF AGE |
Subchapter B. CONDITIONS FOR ISSUANCE OF GROUP AUTOMOBILE INSURANCE |
Sec. 2153.052. ELIGIBILITY OF GROUP
Latest version.
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(a) To be eligible for group marketing, a group must:
(1) have existed for at least six months before the date the group automobile insurance is purchased; and
(2) be organized for a purpose other than to become an insurance group under this chapter.
(b) The group may include any group that is actuarially credible for underwriting purposes.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.