Texas HB5317 establishes a risk management pool to provide insurance coverage for state agencies and institutions of higher education.

HB5317 creates a risk management pool to offer insurance coverage for state agencies and institutions of higher education. The Board may authorize the creation of this pool, with the Office serving as the administrator. The pool will be considered a sponsored policy. Agencies subject to Labor Code, Chapter 501, except for those under Chapter 501.022, can purchase coverage from the pool and use legislative funds for associated costs. The law takes effect September 1, 2025.

Texas HB5317 establishes a risk management pool to provide insurance coverage for state agencies and institutions of higher education.

HB5317 creates a risk management pool to offer insurance coverage for state agencies and institutions of higher education. The Board may authorize the creation of this pool, with the Office serving as the administrator. The pool will be considered a sponsored policy. Agencies subject to Labor Code, Chapter 501, except for those under Chapter 501.022, can purchase coverage from the pool and use legislative funds for associated costs. The law takes effect September 1, 2025.