Texas HB1649 modifies the powers and duties of a self-insurance trust for health care liability claims.

Texas HB1649 amends the Insurance Code to change the powers and duties of a self-insurance trust. The trust can now purchase professional liability insurance, specific excess insurance, aggregate excess insurance, and reinsurance for licensed medical and dental professionals. It can also purchase risk management services and pay claims under deductible provisions. The bill prohibits the trust from making membership in the association that created the trust a condition for issuing insurance contracts.

Texas HB1649 modifies the powers and duties of a self-insurance trust for health care liability claims.

Texas HB1649 amends the Insurance Code to change the powers and duties of a self-insurance trust. The trust can now purchase professional liability insurance, specific excess insurance, aggregate excess insurance, and reinsurance for licensed medical and dental professionals. It can also purchase risk management services and pay claims under deductible provisions. The bill prohibits the trust from making membership in the association that created the trust a condition for issuing insurance contracts.