GENERAL QUALIFICATIONS OF RISK RETENTION GROUP.
Tex. INS Code § 2201.051.
in effectA risk retention group must be a corporation or other limited liability association that:
(1) is organized primarily to assume and spread, and engages primarily in assuming and spreading, all or any portion of the liability exposure of the group's members; and
(2) otherwise meets the qualifications of this subchapter.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.