A corporation or other limited liability association must be chartered and authorized to engage in the business of insurance as a liability insurer under the laws of any state to act as a risk retention group.
Tex. Ins. Code § 2201.053
STATUS AS LIABILITY INSURER REQUIRED
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.