(a) A risk retention group not chartered in this state must comply with the terms of an injunction issued by a court of this state or any other state based on a finding that the group is in a hazardous financial condition or is financially impaired.
(b) Injunctive relief must be issued by a court if the commissioner seeks to enjoin a risk retention group not chartered in this state from:
(1) violating the law of this state prohibiting deceptive, false, or fraudulent acts or practices;
(2) soliciting or selling insurance to a person who is not eligible for membership in the group; or
(3) soliciting or selling insurance or operating when the group is in a hazardous financial condition or is financially impaired.

Terms Used In Texas Insurance Code 2201.158

  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
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