Tex. Ins. Code § 2206.251

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2206.251 - Fund Creation; Management

(a) Immediately after taking office, an initial regular board shall create a risk management fund. The fund must include:

(1) fees, contributions, and premiums collected by the pool;

(2) investments of money in the fund;

(3) interest earned on investments made by the pool; and

(4) all other income received by the pool.

(b) The board shall manage and invest the money in the fund in the manner provided by the plan of operation.

Tex. Ins. Code § 2206.251

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.