Bill Text: TX SB376 | 2021-2022 | 87th Legislature | Introduced

Texas Senate Bill 376 (Prior Session Legislation)

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



	A BILL TO BE ENTITLED
	AN ACT
	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.