Tex. Ins. Code Section 2201.209
Penalties

(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 (General Incorporation and Regulatory Requirements for Insurance Companies Other than Life, Health, or Accident Insurance Companies) and 861 (General Casualty Companies), including revocation of the authority to engage in business in this state.

(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.

(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 (Long Arm Jurisdiction; Service of Process), Subchapters A-P, Chapter 442, and Chapters 101 (Unauthorized Insurance), 441 (Supervision and Conservatorship), 804 (Service of Process), and 801 (Certificate of Authority), other than Section 801.056 (Failure to Provide Complete Set of Fingerprints: Ground for Denial of Application).
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2201.209 — Penalties, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2201.­htm#2201.­209 (accessed Jun. 5, 2024).

2201.001
Purpose of Chapter 2201.002
General Definitions 2201.003
Liability Defined 2201.004
Agent License Required 2201.005
Exemption from Certain Requirements 2201.006
Authority of Commissioner 2201.007
Annual Report to Commissioner 2201.008
Rules 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 2201.101
Eligibility Requirements 2201.102
Charter Application 2201.103
Plan of Operation 2201.104
Filing Fee 2201.151
Compliance Required 2201.152
Prerequisites to Offering Insurance 2201.153
Requirements for Continuing Business 2201.154
Filing Fees 2201.155
Payment of Taxes 2201.156
Examination of Financial Condition 2201.158
Injunctive Relief 2201.201
Scope of Authority 2201.203
Agent to Verify Authority 2201.204
Applicability of Certain Requirements for Liability Insurers 2201.205
Risk Retention Group Participation in Insolvency Guaranty Fund Prohibited 2201.206
Required Notice 2201.207
Prohibited Activities 2201.208
Injunctive Relief 2201.209
Penalties 2201.251
General Qualifications of Purchasing Group 2201.252
Determination of Location 2201.253
Limitations on Authority 2201.254
Application of State Law 2201.255
Notice to Commissioner 2201.256
Registration Requirement 2201.257
Payment of Premium Taxes 2201.258
Purchasing Group Participation in Insolvency Guaranty Fund Prohibited 2201.259
Required Notice
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Accessed:
Jun. 5, 2024

§ 2201.209’s source at texas​.gov