Bill Text: TX SB376 | 2021-2022 | 87th Legislature | Introduced
Bill Title: Relating to registration and annual filing requirements for governmental units establishing a self-insurance fund.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2021-03-09 - Referred to Business & Commerce [SB376 Detail]
Download: Texas-2021-SB376-Introduced.html
87R3422 SMT-D | ||
By: Nichols | S.B. No. 376 |
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relating to registration and annual filing requirements for | ||
governmental units establishing a self-insurance fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Subchapter B, Chapter 2259, Government Code, is | ||
amended by adding Section 2259.038 to read as follows: | ||
Sec. 2259.038. REGISTRATION AND ANNUAL FILING REQUIRED. | ||
(a) In this section, "department" means the Texas Department of | ||
Insurance. | ||
(b) A governmental unit that establishes a self-insurance | ||
fund under this subchapter shall: | ||
(1) register the fund with the department on a form | ||
prescribed by the commissioner of insurance; and | ||
(2) annually file with the department: | ||
(A) the fund's annual financial statements; | ||
(B) the fund's articles of incorporation; and | ||
(C) any other information requested by the | ||
department. | ||
SECTION 2. Not later than January 1, 2022, the commissioner | ||
of insurance shall prescribe the registration form required by | ||
Section 2259.038, Government Code, as added by this Act. | ||
SECTION 3. A governmental unit is not required to comply | ||
with Section 2259.038, Government Code, as added by this Act, until | ||
January 1, 2022. | ||
SECTION 4. This Act takes effect September 1, 2021. |