Texas Insurance Code 1601.056 – Information On Bidders and Bidding Contracts
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(a) The department shall, on request by a system, provide a list of all carriers:
(1) authorized to engage in business in this state; and
(2) eligible to bid on insurance coverage provided under this chapter.
(b) The department shall, on request by a system, examine and evaluate a bidding contract and certify the contract’s actuarial soundness to the system not later than the 15th day after the date of the request.
Terms Used In Texas Insurance Code 1601.056
- Contract: A legal written agreement that becomes binding when signed.