Texas § 2212.054 POWERS OF TRUST.

Texas Statutes

§ 2212.054 — POWERS OF TRUST.

Texas § 2212.054

Code INInsurance Code

This text of Texas § 2212.054 (POWERS OF TRUST.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2212.054 (2026).

Text

Sec. 2212.054. POWERS OF TRUST.

(a)A trust may:

(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;

(2)purchase required risk management services; and

(3)pay claims that arise under any deductible provisions.

(b)A trust's investment powers and limitations are the same as the investment powers and limitations of a state bank with trust powers.

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Sec. 2212.054. POWERS OF TRUST. (a) A trust may:
(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;
(2) purchase required risk management services; and
(3) pay claims that arise under any deductible provisions.
(b) A trust's investment powers and limitations are the same as the investment powers and limitations of a state bank with trust powers.