Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 2209.301 - Scope of Coverage(a) The pool shall insure a nonprofit organization and the organization's officers and employees against liability for acts and omissions under the laws of this state.(b) The pool shall provide to a nonprofit organization that qualifies under this chapter and the plan of operation:(1) primary liability insurance coverage in an amount not to exceed $250,000; and(2) excess liability insurance coverage in an amount that the board finds is actuarially sound.(c) The pool may participate in evaluating, settling, and defending a claim against a nonprofit organization insured by the pool if the claim is covered by pool coverage.(d) The pool is liable in an amount not to exceed the limit of coverage provided to a nonprofit organization on a claim made against the organization.Tex. Ins. Code § 2209.301
Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.