Sec. 2213.055. CREATION OF TRUST FUND. (a) The trustees shall create a trust fund to pay claims made under the coverage provided by the self-insurance trust under Section 2213.051 or 2213.052, as applicable.
(b) The trustees shall administer and control the trust fund and shall pay claims from and invest the money of the trust fund as provided by the plan.
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