TX SB2462

State Office of Risk Management must conduct an interim study in collaboration with the Texas Education Agency on the costs of insuring public school real property, with the goal of developing a statewide strategy to lower property and casualty insurance costs while ensuring adequate coverage

School districts and open-enrollment charter schools must submit data to TEA including total insurable value of buildings/facilities, property damage costs from the preceding 10 years, current insurance costs, and protocols for repairing damaged property

The study must collect information and solicit input from risk pools in which schools currently participate

A report with findings and recommendations must be submitted to the legislature and participating risk pools by September 1, 2026, including a statewide cost-reduction strategy, individual actions schools can take, actions risk pools can take, and potential costs/savings if a statewide risk pool is recommended

The provisions of this act expire September 1, 2027