Texas Insurance Code 1576.008 – Competitive Bidding Requirements; Rules
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(a) A contract to provide benefits under this chapter may be awarded only through competitive bidding under rules adopted by the trustee.
(b) The rules may provide criteria for determining whether a carrier is qualified.
Terms Used In Texas Insurance Code 1576.008
- Contract: A legal written agreement that becomes binding when signed.
- Trustee: A person or institution holding and administering property in trust.