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A BILL TO BE ENTITLED
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AN ACT
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relating to self-insurance funds established by governmental |
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units. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 2259.031, Government Code, is amended by |
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adding Subsections (c), (d), and (e) to read as follows: |
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(c) The governmental unit may purchase reinsurance for a |
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risk covered through the fund. |
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(d) Any law, including a regulation, requiring insurance |
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may be satisfied by coverage provided through the fund. |
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(e) Any law, including a regulation, requiring a |
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certificate of insurance or an insurance agent's signature, |
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countersignature, or approval may be satisfied by a certificate of |
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coverage issued on behalf of the governmental unit demonstrating |
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that coverage is provided through the fund. |
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SECTION 2. This Act takes effect September 1, 2013. |