Texas Transportation Code 463.065 – Insurance
Current as of: 2024 | Check for updates
|
Other versions
(a) An authority may insure, through purchased insurance policies or self-insurance programs, or both, the legal liability of the authority and of its contractors and subcontractors arising from the acquisition, construction, or operation of the programs and facilities of the authority for:
(1) personal or property damage; and
(2) officers’ and employees’ liability.
(b) An authority may use contracts, rating plans, and risk management programs designed to encourage collision prevention.
Terms Used In Texas Transportation Code 463.065
- Property: means real and personal property. See Texas Government Code 311.005
(c) In developing an insurance or self-insurance program, an authority may consider the peculiar hazards, indemnity standards, and past and prospective loss and expense experience of the authority and of its contractors and subcontractors.