{"data":{"id":"us-tx/tex.-insurance-code-2201.209","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2201.209","heading":"PENALTIES.","body":"(a) A risk retention group that is authorized to engage in business in this state under Subchapter C or D and that violates this chapter is subject to all sanctions and penalties applicable to an insurer that holds a certificate of authority under Chapters 822 and 861, including revocation of the authority to engage in business in this state.\n(b) A risk retention group not chartered in this state that violates this chapter is also subject to any fine or penalty applicable to a foreign admitted insurer generally, including revocation of the authority to engage in business in this state.\n(c) A risk retention group engaging in business in this state that is not authorized to engage in business under Subchapter C or D is considered an unauthorized insurer and is subject to Section 823.457, Subchapters A-P, Chapter 442, and Chapters 101, 441, 804, and 801, other than Section 801.056.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE","CHAPTER 2201. RISK RETENTION GROUPS AND PURCHASING GROUPS","SUBCHAPTER E. PROVISIONS REGULATING GENERAL OPERATION OF RISK RETENTION GROUPS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2201.htm#2201.209","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"6413811cea42ea67a131a397d3013d0c13d9941b6e3ac4aa0021a107046dac88","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2201.208","next":"us-tx/tex.-insurance-code-2201.251"},"notice":"GroundRules: Original legal text. Not legal advice."}