The Executive Committee of the Baptist General Convention of Texas Executive Board heard a feasibility study and voted to launch a Texas Baptists captive insurance program during its Monday afternoon meeting Feb. 17 in Dallas.
The program is intended to provide relief to Texas Baptists churches experiencing significant insurance premium increases and coverage cancelations and to reinvest earnings to further convention ministry.
Messengers to the 2024 Texas Baptists Annual Meeting in Waco passed a recommendation authorizing executive leadership to “take all necessary steps to successfully implement a Texas Baptists Insurance Program” so long as the executive committee approved the feasibility study and subsequent recommendations.
Executive Committee members entered an executive session to receive the report, consider its recommendations, ask questions and vote on the next steps.
The committee approved the program’s creation and brought a recommendation to the full board the next morning to establish initial officers and a board of directors for the new corporation and authorize a reserve investment of $12M.
After discussion, the recommendation passed.
EDITOR’S NOTE — This story was written by Texas Baptists Communications and originally published by the Baptist General Convention of Texas.
