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A BILL TO BE ENTITLED
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AN ACT
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relating to registration and annual filing requirements for |
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governmental units establishing a self-insurance fund. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter B, Chapter 2259, Government Code, is |
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amended by adding Section 2259.038 to read as follows: |
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Sec. 2259.038. REGISTRATION AND ANNUAL FILING REQUIRED. |
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(a) In this section, "department" means the Texas Department of |
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Insurance. |
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(b) A governmental unit that establishes a self-insurance |
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fund under this subchapter shall: |
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(1) register the fund with the department on a form |
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prescribed by the commissioner of insurance; and |
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(2) annually file with the department: |
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(A) the fund's annual financial statements; |
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(B) the fund's articles of incorporation; and |
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(C) any other information requested by the |
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department. |
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SECTION 2. Not later than January 1, 2022, the commissioner |
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of insurance shall prescribe the registration form required by |
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Section 2259.038, Government Code, as added by this Act. |
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SECTION 3. A governmental unit is not required to comply |
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with Section 2259.038, Government Code, as added by this Act, until |
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January 1, 2022. |
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SECTION 4. This Act takes effect September 1, 2021. |