Sec. 825.112. INSURANCE. Notwithstanding any other law, the board of trustees may self-insure or purchase any insurance, including fiduciary and liability coverage for trust assets or for the trustees, employees, and agents of the board of trustees, in amounts the board of trustees considers reasonable and prudent.
Added by Acts 1991, 72nd Leg., 1st C.S., ch. 13, Sec. 15, eff. Nov. 12, 1991.
Amended by:
Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 23, eff. September 1, 2005.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle C - Teacher Retirement System of Texas
Subchapter B. Powers and Duties of Board of Trustees
Section 825.101. General Administration
Section 825.1025. Negotiated Rulemaking; Alternative Dispute Resolution
Section 825.103. Administering System Assets
Section 825.104. Designation of Authority to Sign Vouchers
Section 825.105. Adopting Rates and Tables
Section 825.107. Records of Board of Trustees
Section 825.109. Correction of Errors
Section 825.110. Determination of Annual Compensation
Section 825.111. Management Audit
Section 825.113. Miscellaneous Board Duties