Texas § 1272.059 CONTRACTS WITH DELEGATED THIRD PARTY.

Texas Statutes

§ 1272.059 — CONTRACTS WITH DELEGATED THIRD PARTY.

Texas § 1272.059

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Bluebook

Tex. Insurance Code Code Ann. § 1272.059 (2026).

Text

Sec. 1272.059. CONTRACTS WITH DELEGATED THIRD PARTY. A delegation agreement required by Section 1272.052 must provide that:

(1)any agreement under which the delegated entity directly or indirectly delegates a function required by this chapter, Chapter 843 , 1271 , or 1367 , Subchapter A , Chapter 1452 , or Subchapter B, Chapter 1507 , including the handling of funds, if applicable, to a delegated third party must be in writing; and

(2)the delegated entity, in contracting with a delegated third party directly or through a third party, shall require the delegated third party to comply with the requirements of Section 1272.057 and any rules adopted by the commissioner implementing that section.

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Sec. 1272.059. CONTRACTS WITH DELEGATED THIRD PARTY. A delegation agreement required by Section 1272.052 must provide that:
(1) any agreement under which the delegated entity directly or indirectly delegates a function required by this chapter, Chapter 843 , 1271 , or 1367 , Subchapter A , Chapter 1452 , or Subchapter B, Chapter 1507 , including the handling of funds, if applicable, to a delegated third party must be in writing; and
(2) the delegated entity, in contracting with a delegated third party directly or through a third party, shall require the delegated third party to comply with the requirements of Section 1272.057 and any rules adopted by the commissioner implementing that section.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005. Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018 ), Sec. 11.074(g), eff. September 1, 2005.