Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2171. COMMERCIAL GROUP PROPERTY INSURANCE |
Sec. 2171.002. AUTHORIZATION FOR ISSUANCE
Latest version.
-
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 , Sec. 2, eff. April 1, 2007.