Sec. 2208.201. GENERAL POWERS AND DUTIES OF POOL  


Latest version.
  • (a) The pool shall:

    (1) issue insurance coverage to each public entity entitled to coverage under this chapter;

    (2) collect premiums for coverage issued or renewed by the pool;

    (3) process and pay valid claims; and

    (4) maintain detailed data regarding the pool.

    (b) The pool may:

    (1) enter into contracts;

    (2) purchase reinsurance;

    (3) cancel or refuse to renew coverage; and

    (4) perform any other act necessary to implement this chapter, the plan of operation, or a rule adopted by the board.

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