Texas Statutes
Subchapter B. Creation and Operation of Corporation
Section 501.067. Insurance and Benefits

Sec. 501.067. INSURANCE AND BENEFITS. (a) Notwithstanding any law to the contrary and with the consent of the corporation's authorizing unit, a corporation may obtain:
(1) health benefits coverage, liability coverage, workers' compensation coverage, and property coverage under the authorizing unit's insurance policies, through self-funded coverage, or under coverage provided under an interlocal agreement with a political subdivision; or
(2) retirement benefits under a retirement program the authorizing unit participates in or operates.
(b) Health benefits coverage may be extended to the corporation's directors and employees, and to the dependents of the directors and employees.
(c) Workers' compensation benefits may be extended to the corporation's directors, employees, and volunteers.
(d) Liability coverage may be extended to protect the corporation and the corporation's directors and employees.
(e) Retirement benefits may be extended to the corporation's employees.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff. April 1, 2009.

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