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Texas Local Government Code

§ 119.007 — CERTAIN REQUIREMENTS FOR INITIAL COVERAGE; SURCHARGE

LG § 119.007Title 4. FINANCES · Part B. COUNTY FINANCES · Ch. 119. COUNTY GOVERNMENT LIABILITY INSURANCE POOL

Statute text

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(a)To obtain coverage during the initial coverage period, the standards included in the plan may require a county to participate in a risk management appraisal and to adhere to the recommendations made in the appraisal. If the recommended risk management techniques do not sufficiently reduce losses to meet the pool's underwriting criteria within the initial coverage period, the county may be denied subsequent coverage by the pool.
(b)A surcharge may be applied to any risk covered during the initial period if the risk does not meet the basic underwriting criteria established by the board.

Legislative history

Acts 1987, 70th Leg., ch. 149, Sec. 1, eff. Sept. 1, 1987.

Source: Texas Local Government Code § 119.007 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.