Section 2259.031 - Establishment of Fund(a) A governmental unit may establish a self-insurance fund to protect the governmental unit and its officers, employees, and agents from any insurable risk or hazard.(b) The governmental unit may:(1) issue public securities and use the proceeds for all or part of the fund; or(2) use any money available to the governmental unit for the fund.(c) The governmental unit may purchase reinsurance for a risk covered through the fund.(d) Any law, including a regulation, requiring insurance may be satisfied by coverage provided through the fund.(e) Any law, including a regulation, requiring a certificate of insurance or an insurance agent's signature, countersignature, or approval may be satisfied by a certificate of coverage issued on behalf of the governmental unit demonstrating that coverage is provided through the fund.Tex. Gov't. Code § 2259.031
Amended by Acts 2013, Texas Acts of the 83rd Leg. - Regular Session, ch. 428,Sec. 1, eff. 9/1/2013.Added by Acts 1999, 76th Leg., ch. 227, Sec. 5, eff. 9/1/1999.