Tex. Ins. Code Section 2201.153
Requirements for Continuing Business

(a)

A risk retention group not chartered in this state that engages in business in this state shall submit to the commissioner:

(1)

a copy of the group’s financial statement submitted to the state in which the group is chartered and authorized to engage in business;

(2)

a copy of each examination of the group as certified by the commissioner, director, or superintendent of insurance of another state or other public official conducting the examination;

(3)

on the commissioner’s request, a copy of any audit performed with respect to the group; and

(4)

any other information required to verify that the group continues to qualify as a risk retention group under Subchapter B.

(b)

A financial statement submitted under Subsection (a)(1) must:

(1)

be certified by an independent public accountant; and

(2)

contain a statement of opinion on loss and loss adjustment expense reserves made:

(A)

under criteria established by the National Association of Insurance Commissioners; and

(B)

by a member of the American Academy of Actuaries or a qualified loss reserve specialist.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2201.153 — Requirements for Continuing Business, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2201.­htm#2201.­153 (accessed May 11, 2024).

2201.001
Purpose of Chapter 2201.002
General Definitions 2201.003
Liability Defined 2201.004
Agent License Required 2201.005
Exemption from Certain Requirements 2201.006
Authority of Commissioner 2201.007
Annual Report to Commissioner 2201.008
Rules 2201.051
General Qualifications of Risk Retention Group 2201.052
Name of Group 2201.053
Status as Liability Insurer Required 2201.054
Qualifications Regarding Authority of Certain Entities to Engage in Business 2201.055
Qualifications Regarding Membership 2201.056
Authorized Activities 2201.101
Eligibility Requirements 2201.102
Charter Application 2201.103
Plan of Operation 2201.104
Filing Fee 2201.151
Compliance Required 2201.152
Prerequisites to Offering Insurance 2201.153
Requirements for Continuing Business 2201.154
Filing Fees 2201.155
Payment of Taxes 2201.156
Examination of Financial Condition 2201.158
Injunctive Relief 2201.201
Scope of Authority 2201.203
Agent to Verify Authority 2201.204
Applicability of Certain Requirements for Liability Insurers 2201.205
Risk Retention Group Participation in Insolvency Guaranty Fund Prohibited 2201.206
Required Notice 2201.207
Prohibited Activities 2201.208
Injunctive Relief 2201.209
Penalties 2201.251
General Qualifications of Purchasing Group 2201.252
Determination of Location 2201.253
Limitations on Authority 2201.254
Application of State Law 2201.255
Notice to Commissioner 2201.256
Registration Requirement 2201.257
Payment of Premium Taxes 2201.258
Purchasing Group Participation in Insolvency Guaranty Fund Prohibited 2201.259
Required Notice
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Accessed:
May 11, 2024

§ 2201.153’s source at texas​.gov