Texas SB1276 regulates risk pools primarily consisting of political subdivisions, requiring annual disclosures and allowing enforcement actions.

Texas SB1276 establishes regulations for risk pools primarily consisting of political subdivisions. It mandates that these risk pools provide annual disclosures to their members, including a written notice that the pool is not insurance, a copy of the coverage declarations page, the budget for the preceding year, a financial status report, and explanations for each claim denial. The commissioner of insurance and the Texas Department of Insurance can enforce this chapter against a risk pool.

Texas SB1276 regulates risk pools primarily consisting of political subdivisions, requiring annual disclosures and allowing enforcement actions.

Texas SB1276 establishes regulations for risk pools primarily consisting of political subdivisions. It mandates that these risk pools provide annual disclosures to their members, including a written notice that the pool is not insurance, a copy of the coverage declarations page, the budget for the preceding year, a financial status report, and explanations for each claim denial. The commissioner of insurance and the Texas Department of Insurance can enforce this chapter against a risk pool.