| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 87R3422 SMT-D | |
| 2 | 2 | By: Nichols S.B. No. 376 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to registration and annual filing requirements for | |
| 8 | 8 | governmental units establishing a self-insurance fund. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Subchapter B, Chapter 2259, Government Code, is | |
| 11 | 11 | amended by adding Section 2259.038 to read as follows: | |
| 12 | 12 | Sec. 2259.038. REGISTRATION AND ANNUAL FILING REQUIRED. | |
| 13 | 13 | (a) In this section, "department" means the Texas Department of | |
| 14 | 14 | Insurance. | |
| 15 | 15 | (b) A governmental unit that establishes a self-insurance | |
| 16 | 16 | fund under this subchapter shall: | |
| 17 | 17 | (1) register the fund with the department on a form | |
| 18 | 18 | prescribed by the commissioner of insurance; and | |
| 19 | 19 | (2) annually file with the department: | |
| 20 | 20 | (A) the fund's annual financial statements; | |
| 21 | 21 | (B) the fund's articles of incorporation; and | |
| 22 | 22 | (C) any other information requested by the | |
| 23 | 23 | department. | |
| 24 | 24 | SECTION 2. Not later than January 1, 2022, the commissioner | |
| 25 | 25 | of insurance shall prescribe the registration form required by | |
| 26 | 26 | Section 2259.038, Government Code, as added by this Act. | |
| 27 | 27 | SECTION 3. A governmental unit is not required to comply | |
| 28 | 28 | with Section 2259.038, Government Code, as added by this Act, until | |
| 29 | 29 | January 1, 2022. | |
| 30 | 30 | SECTION 4. This Act takes effect September 1, 2021. |