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Texas Insurance Code - Chapter 2208 Texas Public Entity Excess Insurance PoolLegal Research Home > Texas Laws > Insurance Code > Texas Insurance Code - Chapter 2208 Texas Public Entity Excess Insurance Pool In this chapter: (1) "Board" means the board of trustees of the pool. (2) "Fund" means the Texas public entity excess insurance fund. (3) "Insurance" ... (a) Except as provided by Subsection (b), the pool is not engaged in the business of insurance under this code or other laws of this ... (a) The Texas Public Entity Excess Insurance Pool is created on the written agreement of the presiding officers of 25 or more public entities in ... A public entity is entitled to coverage from the pool if the entity: (1) submits a complete application; (2) provides other relevant information required by ... (a) A board of trustees shall administer the pool. (b) The board is composed of the members of the governing board of an association that: ... A board member is not entitled to compensation for the member's service on the board. Added by Acts 2005, 79th Leg., ch. 727, § 2, ... (a) Each individual who serves as an officer of the governing board of the association described by Section 2208.101(b) serves as an officer of the ... (a) In addition to other duties provided by the plan of operation, the board shall: (1) approve contracts other than excess insurance contracts issued to ... A board member is not liable: (1) with respect to a claim or judgment for which coverage is provided by the pool; or (2) for ... Not later than the 30th day after the date the pool is created, the board shall meet to prepare a detailed plan of operation for ... (a) Subject to the requirements of this chapter, the plan of operation must include: (1) the organizational structure of the pool, the board's method of ... (a) The pool shall: (1) issue insurance coverage to each public entity entitled to coverage under this chapter; (2) collect premiums for coverage issued or ... (a) The board shall appoint a pool manager who serves at the pleasure of the board, and the board shall supervise the pool manager's activities. ... (a) The pool manager shall manage and conduct the affairs of the pool under the general supervision of the board and shall perform any other ... (a) The pool manager shall employ or contract with persons necessary to assist the board and the pool manager in implementing the powers and duties ... The board may require an employee or a person with whom the pool manager contracts under Section 2208. 204 to execute a bond in an ... An employee or a person with whom the pool manager contracts under Section 2208.204 is not liable: (1) with respect to a claim or judgment ... (a) The pool shall maintain the pool's principal office in Austin, Texas. (b) Records, files, and other documents and information relating to the pool must ... (a) On creation of the pool, the board shall create the Texas public entity excess insurance fund. (b) The fund is composed of: (1) premiums ... (a) Administrative expenses of the pool may be paid from the fund. (b) Money in the fund may not be used to pay: (1) punitive ... (a) The board may select one or more banks to serve as depository for money in the fund. (b) A depository bank must execute a ... (a) Except as provided by Subsection (b), under the excess insurance coverage, the pool shall pay any portion of a claim against a public entity ... The pool may provide excess insurance coverage on a claims-made basis or an occurrence basis. Added by Acts 2005, 79th Leg., ch. 727, § 2, ... Excess insurance coverage provided by the pool may not include coverage for punitive damages. Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. ... (a) To ensure that the pool is actuarially sound, the board shall: (1) set the premium rates charged; and (2) determine the maximum limits of ... A public entity may use the entity's money to pay any contributions or premiums required by the pool to purchase excess insurance coverage from the ... A public entity that accepts coverage provided by the pool shall maintain that coverage for at least 35 calendar months following the month in which ... The pool may refuse to renew the insurance coverage of a public entity that fails to comply with the pool's underwriting or risk management guidelines. ... (a) A public entity that voluntarily discontinues insurance coverage provided by the pool may not subsequently obtain coverage from the pool for at least 36 ... (a) If money in the fund would be exhausted by the payment of all final and settled claims and final judgments during a fiscal year, ... Last modified: August 11, 2007 |
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