HB 554: Insurance Coverage of State Property
Introduced: 2/14/2024 by Michael Lee Meredith (R-019)
Summary:
Permits governing boards of public supported post-secondary educational institutions to elect to terminate the institution’s coverage through the state fire and tornado insurance fund and obtain the coverage from an authorized insurer or through a self-insurance pool; establishes requirements for terminating and resuming coverage through the state fire and tornado insurance fund; establishes requirements for insurance obtained by an institution from an authorized insurer or a self-insurance pool.
Last Action: Mar 8, 2024: To SENATE Committee on BANKING AND INSURANCE.
Status: Pending
DBIA Position: Monitor