Texas § 462.101 GENERAL POWERS AND DUTIES.

Texas Statutes

§ 462.101 — GENERAL POWERS AND DUTIES.

Texas § 462.101

Code INInsurance Code

This text of Texas § 462.101 (GENERAL POWERS AND DUTIES.) 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. § 462.101 (2026).

Text

Sec. 462.101. GENERAL POWERS AND DUTIES.

(a)The association may:

(1)employ or retain persons as necessary to handle claims and perform other duties of the association;

(2)borrow money necessary to implement this chapter in accordance with the plan of operation;

(3)sue or be sued;

(4)negotiate and enter into a contract as necessary to implement this chapter; and

(5)perform other acts as necessary or proper to implement this chapter.

(b)A contract authorized by Subsection (a)(4) includes a lump-sum or structured compromise and settlement agreement with a claimant who has a claim for medical or indemnity benefits for a period of three years or more, other than a settlement or lump-sum payment in violation of Subtitle A, Title 5, Labor Code.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 462.101. GENERAL POWERS AND DUTIES. (a) The association may:
(1) employ or retain persons as necessary to handle claims and perform other duties of the association;
(2) borrow money necessary to implement this chapter in accordance with the plan of operation;
(3) sue or be sued;
(4) negotiate and enter into a contract as necessary to implement this chapter; and
(5) perform other acts as necessary or proper to implement this chapter.
(b) A contract authorized by Subsection (a)(4) includes a lump-sum or structured compromise and settlement agreement with a claimant who has a claim for medical or indemnity benefits for a period of three years or more, other than a settlement or lump-sum payment in violation of Subtitle A, Title 5, Labor Code.