Texas § 1579.055 CONTRACT AWARD; CONSIDERATIONS.

Texas Statutes

§ 1579.055 — CONTRACT AWARD; CONSIDERATIONS.

Texas § 1579.055

Code INInsurance Code

This text of Texas § 1579.055 (CONTRACT AWARD; CONSIDERATIONS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1579.055 (2026).

Text

Sec. 1579.055. CONTRACT AWARD; CONSIDERATIONS.

(a)In awarding a contract to provide group benefits under this chapter, the trustee is not required to select the lowest bid and may consider also any relevant criteria, including the bidder's:

(1)ability to service contracts;

(2)past experiences; and

(3)financial stability.

(b)If the trustee awards a contract to a bidder whose bid deviates from that advertised, the trustee shall record the deviation and fully justify the reason for the deviation in the minutes of the next board meeting.

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Sec. 1579.055. CONTRACT AWARD; CONSIDERATIONS. (a) In awarding a contract to provide group benefits under this chapter, the trustee is not required to select the lowest bid and may consider also any relevant criteria, including the bidder's:
(1) ability to service contracts;
(2) past experiences; and
(3) financial stability.
(b) If the trustee awards a contract to a bidder whose bid deviates from that advertised, the trustee shall record the deviation and fully justify the reason for the deviation in the minutes of the next board meeting.