Sec. 172.007. TRUSTEE TRAINING. (a) Trustees who act as fiduciaries for a risk pool must have at least 16 hours of combined professional instruction with four hours of instruction in each of the following areas:
(1) law governing the establishment and operation of risk pools by political subdivisions;
(2) principles of self-insurance and risk pools, including actuarial and underwriting principles and investment principles;
(3) principles relating to reading and understanding financial statements; and
(4) the general fiduciary duties of trustees.
(b) Not later than the 180th day after the date of selection as trustee, or after the effective date of this chapter, whichever is the later date, a trustee must complete the training required by Subsection (a).
Added by Acts 1989, 71st Leg., ch. 1067, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 5 - Matters Affecting Public Officers and Employees
Chapter 172 - Texas Political Subdivisions Uniform Group Benefits Program
Section 172.004. Benefits Contract
Section 172.006. Supervision and Administration of Pool
Section 172.007. Trustee Training
Section 172.008. Excess Loss Coverage and Reinsurance
Section 172.012. Limitation of Risk Pools
Section 172.013. Payment of Contributions and Premiums