Tex. Ins. Code § 2212.054 · Subchapter B. CREATION AND OPERATION OF TRUST
POWERS OF TRUST.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A trust may:
(1) purchase, on behalf of the members of the association that created the trust, medical professional liability insurance, specific excess insurance, aggregate excess insurance, and reinsurance, as necessary in the opinion of the trustees;
(2) purchase required risk management services; and
(3) pay claims that arise under any deductible provisions.
(b) A trust's investment powers and limitations are the same as the investment powers and limitations of a state bank with trust powers.
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.2212.htm
- Text hash
- sha256 0afbae51cd60e8cd8b8717dad893e5a7f66ffc875e34189934584233d26da55d
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 2212.054. Each shows the citation as that text prints it.
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.