§ 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

Terms Used In Texas Insurance Code Chapter 2201 > Subchapter B - Risk Retention Group Qualifications

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Month: means a calendar month. See Texas Government Code 312.011
  • 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
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Year: means 12 consecutive months. See Texas Government Code 311.005