Section 51.966 - Insurance Coverage(a) The governing board of an institution of higher education may purchase insurance insuring the institution and its employees against any liability, risk, or exposure and covering the losses of any institutional property.(b) The governing board may pay the cost of any insurance from any funds of the institution.(c) Section 612.002(b), Government Code, does not apply to an institution of higher education or university system purchasing insurance under this section.(d) In this section, "governing board," "institution of higher education," and "university system" have the meanings assigned by Section 61.003.Amended by Acts 2011, 82nd Leg., R.S., Ch. 1049, Sec. 2.04, eff. 6/17/2011.Added by Acts 2001, 77th Leg., ch. 118, Sec. 1.02, eff. 9/1/2001.