Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 2201.056 - Authorized Activities(a) A risk retention group may provide:(1) liability insurance for assuming and spreading all or any portion of the liability of the group's members; and(2) reinsurance with respect to the liability of another risk retention group, or a member of that group, engaged in businesses or activities that meet the requirements of Section 2201.055(a) for membership in the group providing reinsurance.(b) A risk retention group may not engage in activities that include providing insurance other than the insurance described by Subsection (a).Tex. Ins. Code § 2201.056
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.