1. (a) A pool shall:

   1. (1) issue excess liability insurance coverage to each county, school district, or junior college district entitled to coverage under this chapter;
   2. (2) collect premiums for coverage issued or renewed by the pool;
   3. (3) process and pay valid claims; and
   4. (4) maintain detailed data regarding the pool.

2. (b) The pool may:

   1. (1) enter into contracts;
   2. (2) purchase reinsurance;
   3. (3) cancel or refuse to renew coverage; and
   4. (4) perform any other act necessary to implement this chapter, the plan of operation, or a rule adopted by the board.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.