PENALTIES.
Tex. INS Code § 2201.209.
in effect(a) A risk retention group that is authorized to engage in business in this state under Subchapter C or D and that violates this chapter is subject to all sanctions and penalties applicable to an insurer that holds a certificate of authority under Chapters 822 and 861 , including revocation of the authority to engage in business in this state.
(b) A risk retention group not chartered in this state that violates this chapter is also subject to any fine or penalty applicable to a foreign admitted insurer generally, including revocation of the authority to engage in business in this state.
(c) A risk retention group engaging in business in this state that is not authorized to engage in business under Subchapter C or D is considered an unauthorized insurer and is subject to Section 823.457 , Subchapters A-P, Chapter 442, and Chapters 101 , 441 , 804 , and 801 , other than Section 801.056 .
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
SUBCHAPTER F. PURCHASING GROUPS