Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2201. RISK RETENTION GROUPS AND PURCHASING GROUPS |
Subchapter E. PROVISIONS REGULATING GENERAL OPERATION OF RISK RETENTION GROUPS |
Sec. 2201.203. AGENT TO VERIFY AUTHORITY
Latest version.
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Before placing business with a risk retention group, each agent shall secure from the appropriate insurance regulatory authority a certified copy of the certificate of authority verifying that the insurer is authorized in the insurer's domiciliary jurisdiction to write the liability insurance policy the agent proposes to procure from the insurer.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.