Texas § IN.2201.258 - PURCHASING GROUP PARTICIPATION IN INSOLVENCY GUARANTY FUND PROHIBITED
Full text of Texas The Texas Constitution § IN.2201.258 — PURCHASING GROUP PARTICIPATION IN INSOLVENCY GUARANTY FUND PROHIBITED, with citation guidance and answers to common questions.
§ IN.2201.258. PURCHASING GROUP PARTICIPATION IN INSOLVENCY GUARANTY FUND PROHIBITED
PURCHASING GROUP PARTICIPATION IN INSOLVENCY GUARANTY FUND PROHIBITED; EXCEPTION. (a) A claim against a purchasing group or a group member may not be paid from any insurance insolvency guaranty fund or similar mechanism in this state. (b) A purchasing group, a group member, or any claimant against the group or group member may not receive any benefit from an insurance insolvency guaranty fund or similar mechanism in this state for a claim arising under an insurance policy procured through the group unless the policy is underwritten by an insurer authorized to engage in business in this state that, at the time of the policy's issuance: (1) has capital and surplus of at least $25 million; or (2) is a member of a company group that has combined capital and surplus of at least $25 million. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.2201.258
What does The Texas Constitution § IN.2201.258 cover?
Section IN.2201.258 ("PURCHASING GROUP PARTICIPATION IN INSOLVENCY GUARANTY FUND PROHIBITED") 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.2201.258?
A common citation format is "The Texas Constitution § IN.2201.258" (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.2201.258 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.