Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE |
Chapter 2206. RISK MANAGEMENT POOLS FOR CERTAIN EDUCATIONAL ENTITIES |
Subchapter F. RISK MANAGEMENT FUND |
Sec. 2206.252. USES OF FUND
Latest version.
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(a) The money in a pool's fund:
(1) shall be used to pay liability claims and judgments against school districts or junior college districts that participate in the pool, not to exceed the limits of the coverage provided by the pool; and
(2) may be used to pay the administrative and management costs of the pool and the fund, not to exceed the limits provided in the plan of operation.
(b) On the board's approval, a pool may pay commissions from the fund.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.