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A BILL TO BE ENTITLED
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AN ACT
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relating to the purchase of certain insurance coverage and the |
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performance of related risk management services for the Texas State |
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University System and the component institutions of that system. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 412.011, Labor Code, is amended by |
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amending Subsections (c) and (e) and adding Subsection (j) to read |
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as follows: |
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(c) The office shall: |
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(1) perform risk management for each state agency |
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subject to this chapter, except to any extent limited by Subsection |
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(j) [Chapter 412]; and |
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(2) purchase insurance coverage under any line of |
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insurance other than health or life insurance, including liability |
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insurance authorized under Chapter 612, Government Code, for a |
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state agency subject to Chapter 501, except for: |
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(A) an institution subject to Section 501.022; or |
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(B) the Texas State University System or a |
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component institution of that system[, under any line of insurance
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other than health or life insurance, including liability insurance
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authorized under Chapter 612, Government Code]. |
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(e) A state agency subject to Chapter 501, except for an |
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institution subject to Section 501.022 or the Texas State |
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University System or a component institution of that system, may |
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not purchase property, casualty, or liability insurance coverage |
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without the approval of the board. |
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(j) The Texas State University System or a component |
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institution of that system shall perform risk management services |
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related to insurance coverage purchased by the system or |
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institution without board approval. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |