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Texas Insurance Code - INS § 2206.251. Fund Creation;  Management

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Immediately after taking office, an initial regular board shall create a risk management fund.  The fund must include:

(1) fees, contributions, and premiums collected by the pool;

(2) investments of money in the fund;

(3) interest earned on investments made by the pool;  and

(4) all other income received by the pool.

(b) The board shall manage and invest the money in the fund in the manner provided by the plan of operation.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2206.251. Fund Creation;  Management - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2206-251/

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