Sec. 2213.101. PARTICIPATION. A bank that is a member, or that has an officer who is a member, of a group or association of banks or bankers organizing a bank self-insurance trust or of savings and loan associations organizing a savings and loan self-insurance trust may participate in the applicable self-insurance trust by:
(1) entering into a contract or agreement with the trustees for coverage that the self-insurance trust may provide under Section 2213.051 or 2213.052, as applicable; and
(2) paying the required contribution to the trust fund in the amount determined by the trustees in accordance with the plan.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: Previous 2213.001 2213.002 2213.003 2213.051 2213.052 2213.053 2213.054 2213.055 2213.056Last modified: September 28, 2016