Sec. 119.006. RISK MANAGEMENT FUND. (a) On taking office, the initial regular board shall create the county government risk management fund.
(b) The board shall credit to the fund:
(1) fees, contributions, and premiums collected by the pool;
(2) investments of money in the fund;
(3) interest earned on investments made by the pool; and
(4) any other income received by the pool from any sources.
(c) The board shall manage and invest the money in the fund in the manner provided by the plan. The money in the fund shall be used to pay liability claims and judgments against participating counties up to the limits of the coverage provided by the pool. Money in the fund also may be used to pay the administrative and management costs of the pool and the fund up to the limits provided by the plan.
Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.
Structure Texas Statutes
Chapter 119 - County Government Liability Insurance Pool
Section 119.002. Creation of Risk Management Pool
Section 119.003. Organization of Pool; Temporary Board
Section 119.004. Plan of Operation
Section 119.005. Board of Trustees
Section 119.006. Risk Management Fund
Section 119.007. Certain Requirements for Initial Coverage; Surcharge
Section 119.008. Not Insurance; Board of Insurance Lacks Jurisdiction
Section 119.009. Participation by Other Political Subdivisions
Section 119.010. Certain Coverage Authorized; District Judges
Section 119.011. Certain Coverage Authorized; Volunteer Fire Departments
Section 119.012. Notice of Cancellation or Change of Coverage