Tex. Civ. Prac. & Rem. Code § 127.005

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 127.005 - Insurance Coverage

(a) This chapter does not apply to an agreement that provides for indemnity if the parties agree in writing that the indemnity obligation will be supported by liability insurance coverage to be furnished by the indemnitor subject to the limitations specified in Subsection (b) or (c).

(b) With respect to a mutual indemnity obligation, the indemnity obligation is limited to the extent of the coverage and dollar limits of insurance or qualified self-insurance each party as indemnitor has agreed to obtain for the benefit of the other party as indemnitee.

(c) With respect to a unilateral indemnity obligation, the amount of insurance required may not exceed $500,000.

Tex. Civ. Prac. and Rem. Code § 127.005

Amended by Acts 1999, 76th Leg., ch. 1006, Sec. 1, eff. 8/30/1999.

Amended by Acts 1995, 74th Leg., ch. 679, Sec. 1, eff. 8/28/1995

Amended by Acts 1991, 72nd Leg., ch. 36, Sec. 3, eff. 4/19/1991

Amended by Acts 1989, 71st Leg., ch. 1102, Sec. 3, eff. 9/1/1989

Acts 1985, 69th Leg., ch. 959, Sec. 1, eff. 9/1/1985.