Texas § IN.2201.055 - QUALIFICATIONS REGARDING MEMBERSHIP
Full text of Texas The Texas Constitution § IN.2201.055 — QUALIFICATIONS REGARDING MEMBERSHIP, with citation guidance and answers to common questions.
§ IN.2201.055. QUALIFICATIONS REGARDING MEMBERSHIP
QUALIFICATIONS REGARDING MEMBERSHIP. (a) A risk retention group must be composed of members who are engaged in similar or related businesses or activities with respect to the liability to which those members are exposed by virtue of any related, similar, or common product, trade, business, operations, premises, or services. (b) A risk retention group must have: (1) as members, only persons who are provided insurance by the group; or (2) as the sole owner, an organization that has: (A) as members, only persons who comprise the membership of the group; and (B) as owners, only persons who comprise the membership of the group and are provided insurance by the group. (c) A risk retention group may not exclude a person from membership in the group solely to provide a competitive advantage for group members over that person. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.2201.055
What does The Texas Constitution § IN.2201.055 cover?
Section IN.2201.055 ("QUALIFICATIONS REGARDING MEMBERSHIP") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.2201.055?
A common citation format is "The Texas Constitution § IN.2201.055" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.2201.055 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.