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. 2153.055. INSURER QUALIFICATIONS
Latest version.
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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 , Sec. 2, eff. April 1, 2007.