By: Duncan S.B. No. 531
(Smithee)
A BILL TO BE ENTITLED
AN ACT
relating to self-insurance funds established by governmental
units.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2259.031, Government Code, is amended by
adding Subsections (c), (d), and (e) to read as follows:
(c) The governmental unit may purchase reinsurance for a
risk covered through the fund.
(d) Any law, including a regulation, requiring insurance
may be satisfied by coverage provided through the fund.
(e) Any law, including a regulation, requiring a
certificate of insurance or an insurance agent's signature,
countersignature, or approval may be satisfied by a certificate of
coverage issued on behalf of the governmental unit demonstrating
that coverage is provided through the fund.
SECTION 2. This Act takes effect September 1, 2013.