Texas Political Subdivisions Joint Self-Insurance Fund (TPS) is a pool comprised of school districts, municipalities, hospital districts, counties, junior colleges, cities, housing authorities, appraisal districts, port authorities, municipal water districts and other political subdivisions formed in accordance with the terms of interlocal agreements among members.
TPS was organized on September 22, 1983 , as the Texas Political Subdivisions Workers' Compensation Joint Self-Insurance Fund (WC Fund) to provide a vehicle for Workers' Compensation coverage. In 1991 the Texas Political Subdivisions Property Casualty Joint Self-Insurance Fund was formed to provide property and casualty coverage for the members.
The purpose of TPS is to provide the membership with a program of self-insurance, lower costs for insurance coverage and a comprehensive safety program. Members may participate in either the Workers' Compensation fund or the Property and Casualty fund through a "guaranteed-cost plan" or a "cash-flow plan." Guaranteed-cost members, who are non-assessable, combine their contributions to cover pooled losses and expenses. The required contribution for each guaranteed-cost member is based upon the members' expenses and the rated manual contribution affected by a factor for individual loss experience.
As required by interlocal agreement, TPS obtains specific excess of loss coverage over and above the self-insured retention stated in the interlocal agreement so that members will not have joint or several liability other than their required contribution. Receivables from cash-flow members represent amounts equal to their own paid losses and fees paid for administrative and claim services of cash-flow members.
The Fund is serviced by Attenta. Attenta provides Smart Risk Management with localized claim services, strong financial accountability and experienced risk management of the overall program.
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Reach prospective clients with the TPSPool advantage. To learn how you can advertise your businesses here contact Keith Alberts @ 972-715-4217.
