Sec. 2153.055. INSURER QUALIFICATIONS. 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 (H.B. 2017), Sec. 2, eff. April 1, 2007.
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