(a) The Texas Department of Insurance in consultation with the other implementing agencies, under a competitive bidding procedure, shall select an agent to develop, implement, operate, and maintain the program.
(b) The implementing agencies shall jointly enter into a contract with the selected agent.

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Terms Used In Texas Transportation Code 601.453

  • Contract: A legal written agreement that becomes binding when signed.

(c) A contract under this section may not have a term of more than five years.

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