Texas § 463.106 DELEGATION OF POWERS AND DUTIES.

Texas Statutes

§ 463.106 — DELEGATION OF POWERS AND DUTIES.

Texas § 463.106

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 463.106 (2026).

Text

Sec. 463.106. DELEGATION OF POWERS AND DUTIES.

(a)The plan of operation may provide that, on approval of the board and the commissioner, a power or duty of the association is delegated to a corporation or other organization that:

(1)performs in two or more states functions similar to those of the association or the association's equivalent; and

(2)provides protection not substantially less favorable and effective than that provided by this chapter.

(b)A power or duty under Section 463.261 (c) or Subchapter D, other than a duty under Section 463.161 (c), may not be delegated under this section.

(c)The corporation or other organization to which a power or duty is delegated shall be:

(1)reimbursed for a payment made on behalf of the association; and

(2)paid for performing any other fun

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Sec. 463.106. DELEGATION OF POWERS AND DUTIES. (a) The plan of operation may provide that, on approval of the board and the commissioner, a power or duty of the association is delegated to a corporation or other organization that:
(1) performs in two or more states functions similar to those of the association or the association's equivalent; and
(2) provides protection not substantially less favorable and effective than that provided by this chapter.
(b) A power or duty under Section 463.261 (c) or Subchapter D, other than a duty under Section 463.161 (c), may not be delegated under this section.
(c) The corporation or other organization to which a power or duty is delegated shall be:
(1) reimbursed for a payment made on behalf of the association; and
(2) paid for performing any other function of the association.