Texas House Bill HB3253

Texas 2015 - 84th Regular

Caption

Relating to the purchase of certain insurance coverage and the performance of related risk management services for the University of North Texas System and the component institutions of that system.

Impact

The implications of HB 3253 are significant for the University of North Texas System as it increases their autonomy regarding risk management and insurance purchasing. By allowing these institutions to bypass the usual requirements that state agencies must follow when purchasing insurance, the bill provides them with greater flexibility and agility in managing their operational risks. This autonomy may also lead to more cost-effective insurance solutions tailored to the specific needs of the higher education system.

Summary

House Bill 3253 focuses on the University of North Texas System and its component institutions regarding the procurement of specific insurance coverage and the performance of risk management services. The bill amends existing laws to allow these institutions to purchase insurance independently, essentially exempting them from certain regulatory approvals that other state agencies are required to obtain. This change is expected to streamline their insurance processes, making it easier for them to manage their own risk without bureaucratic delays.

Contention

While the bill seeks to empower the University of North Texas System, it may raise concerns regarding oversight and accountability. By exempting this university system from certain state regulations, critics might argue that it could lead to a lack of transparency in how insurance needs are assessed and how services are contracted. There could be apprehensions about whether these institutions can effectively manage their insurance and risk management needs without the checks and balances typically provided through the state's oversight mechanisms.