Tex. Ins. Code Section 2212.054
Powers of Trust

(a)

A trust may:

(1)

purchase, on behalf of the members of the association that created the trust, medical professional liability insurance, specific excess insurance, aggregate excess insurance, and reinsurance, as necessary in the opinion of the trustees;

(2)

purchase required risk management services; and

(3)

pay claims that arise under any deductible provisions.

(b)

A trust’s investment powers and limitations are the same as the investment powers and limitations of a state bank with trust powers.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2212.054 — Powers of Trust, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2212.­htm#2212.­054 (accessed May 18, 2024).

Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 2212.054’s source at texas​.gov