Sec. 2213.054. MINIMUM REQUIREMENTS; COMMISSIONER SUPERVISION. (a) After approval of a self-insurance trust's plan, the self-insurance trust is subject to continuing supervision by the commissioner relating to:
(1) the solvency of the self-insurance trust; and
(2) the approval of the self-insurance trust's policy forms.
(b) The commissioner may set minimum requirements to ensure that a self-insurance trust is able to satisfy the self-insurance trust's contractual obligations.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2213 - Self-Insurance Trusts for Banks and Savings and Loan Associations
Subchapter B. Creation and Operation of Self-Insurance Trust
Section 2213.051. Creation of Bank Self-Insurance Trust; Coverage
Section 2213.052. Creation of Savings and Loan Self-Insurance Trust; Coverage
Section 2213.053. Plan of Organization and Operation; Trustees
Section 2213.054. Minimum Requirements; Commissioner Supervision