Tex. Ins. Code § 2213.053 · Subchapter B. CREATION AND OPERATION OF SELF-INSURANCE TRUST
PLAN OF ORGANIZATION AND OPERATION; TRUSTEES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Before organizing and operating a self-insurance trust, the group or association of banks or bankers or the savings and loan associations, as applicable, proposing to organize the self-insurance trust shall:
(1) select trustees to administer the self-insurance trust; and
(2) prepare a detailed plan of organization and operation in the form and manner prescribed by the commissioner.
(b) The group or association of banks or bankers or the savings and loan associations shall submit the proposed plan to the commissioner for examination, suggested changes, and final approval.
(c) The commissioner shall approve the proposed plan only if the commissioner is satisfied that the self-insurance trust is able and will continue to be able to pay valid claims made to the self-insurance trust.
(d) After final approval, the plan may be amended with the commissioner's approval.
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.2213.htm
- Text hash
- sha256 181b883d065e0f2b714cd0c2eb9466b84a916de57983c838c31e136401ec8972
- 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.