Injunctive Relief

Sec. 2201.158. INJUNCTIVE RELIEF. (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. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007. SUBCHAPTER E. PROVISIONS REGULATING GENERAL OPERATION OF RISK RETENTION GROUPS