Texas § 1551.213 BIDS FOR PURCHASED COVERAGE.

Texas Statutes

§ 1551.213 — BIDS FOR PURCHASED COVERAGE.

Texas § 1551.213

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1551.213 (2026).

Text

Sec. 1551.213. BIDS FOR PURCHASED COVERAGE.

(a)For those coverage plans for which the board of trustees determines to purchase coverage, the board shall notify eligible carriers:

(1)that competitive bidding will be conducted; and

(2)of the date by which an eligible carrier must submit a bid on the contract to the board.

(b)The board of trustees shall submit the group coverages provided by the group benefits program for competitive bidding at least every six years.

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Sec. 1551.213. BIDS FOR PURCHASED COVERAGE. (a) For those coverage plans for which the board of trustees determines to purchase coverage, the board shall notify eligible carriers:
(1) that competitive bidding will be conducted; and
(2) of the date by which an eligible carrier must submit a bid on the contract to the board.
(b) The board of trustees shall submit the group coverages provided by the group benefits program for competitive bidding at least every six years.