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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. |
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______________________________ |
______________________________ |
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President of the Senate |
Speaker of the House |
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I hereby certify that S.B. No. 531 passed the Senate on |
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March 21, 2013, by the following vote: Yeas 31, Nays 0. |
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______________________________ |
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Secretary of the Senate |
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I hereby certify that S.B. No. 531 passed the House on |
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May 17, 2013, by the following vote: Yeas 134, Nays 0, two |
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present not voting. |
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______________________________ |
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Chief Clerk of the House |
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Approved: |
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______________________________ |
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Date |
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______________________________ |
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Governor |