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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 certain |
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university systems and the component institutions of those systems. |
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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) a university system or component institution |
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of a university system that has elected to purchase insurance |
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coverage under Subsection (j)[, under any line of insurance other
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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 a university system or |
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component institution of the university system that has elected to |
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purchase insurance coverage under Subsection (j), may not purchase |
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property, casualty, or liability insurance coverage without the |
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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 may purchase property, casualty, or |
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liability insurance coverage without the approval of the board, |
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provided that the system or institution, as applicable, notifies |
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the office of the intended purchase in the manner and within the |
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time prescribed under Section 412.051(b). The office may perform |
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risk management services related to insurance coverage purchased |
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without board approval under this subsection only on request of the |
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purchasing university system or institution, as applicable. |
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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. |