Section 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.Tex. Ins. Code § 1551.213
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.