{"data":{"id":"us-tx/tex.-insurance-code-2212.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2212.054","heading":"POWERS OF TRUST.","body":"(a) A trust may:\n(1) purchase, on behalf of the members of the association that created the trust, medical professional liability insurance, specific excess insurance, aggregate excess insurance, and reinsurance, as necessary in the opinion of the trustees;\n(2) purchase required risk management services; and\n(3) pay claims that arise under any deductible provisions.\n(b) A trust's investment powers and limitations are the same as the investment powers and limitations of a state bank with trust powers.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE","CHAPTER 2212. SELF-INSURANCE TRUSTS FOR HEALTH CARE LIABILITY CLAIMS","SUBCHAPTER B. CREATION AND OPERATION OF TRUST"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2212.htm#2212.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"323b9aeed3d080f485e070b8ef2b31a8eacaf4dbbcdb22cbaa73919ac71cd941","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2212.053","next":"us-tx/tex.-insurance-code-2212.055"},"notice":"GroundRules: Original legal text. Not legal advice."}