A postsecondary educational institution that offers higher education health benefits under this chapter may contract with a company authorized to engage in the business of insurance in this state that is not under common control with the postsecondary educational institution to:

1. (1) transfer to that company all or a portion of the organization's risks arising from higher education health benefits offered under this chapter; or
2. (2) obtain insurance coverage from the company guarantying the postsecondary educational institution's obligations arising from higher education health benefits offered under this chapter.

Added by Acts 2025, 89th Leg., R.S., Ch. 16 (S.B. 1409), Sec. 2, eff. May 13, 2025.