Tex. Ins. Code § 2209.251 · Subchapter F. TEXAS NONPROFIT ORGANIZATIONS LIABILITY FUND
FUND CREATION; MANAGEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On creation of the pool, the initial regular board shall create the Texas nonprofit organizations liability fund.
(b) The fund is composed of:
(1) premiums paid by nonprofit organizations for coverage provided by the pool;
(2) contributions and other money received by the pool to cover the initial expenses of the fund;
(3) investments of the fund and money earned from those investments; and
(4) any other money received by the pool.
(c) The pool manager shall manage the fund under the general supervision of the board. The fund manager, under the general supervision of the board, shall manage and invest the money in the fund in the manner provided by the plan of operation.
(d) Money earned by the investment of money in the fund must be deposited in the fund or reinvested for the fund.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2209.htm
- Text hash
- sha256 12ceb0d4e9f72a65851cc1422b1823e713471ebbcf952cc91682bf9eec44acfe
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.