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Texas Health and Safety Code

§ 281.058 — AUTHORITY TO FORM CAPTIVE INSURANCE OR CAPTIVE MANAGEMENT COMPANY

HS § 281.058Title 4. HEALTH FACILITIES · Part D. HOSPITAL DISTRICTS · Ch. 281. HOSPITAL DISTRICTS IN COUNTIES OF AT LEAST 190,000 · Art. C. GENERAL POWERS AND DUTIES

Statute text

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(a)In this section, "captive insurance company" and "captive management company" have the meanings assigned to those terms by Section 964.001, Insurance Code.
(b)A district, a combination of districts, or a nonprofit corporation formed by a district or a combination of districts to further the purposes of the district or districts, as appropriate, may form a captive insurance company or a captive management company in accordance with the provisions of Chapter 964, Insurance Code, for the purpose of engaging in the business of insurance under that chapter.

Legislative history

Added by Acts 2015, 84th Leg., R.S., Ch. 363 (H.B. 2557), Sec. 3, eff. June 9, 2015.

Source: Texas Health and Safety Code § 281.058 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.