Tex. Ins. Code § 1601.057

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1601.057 - Selection of Bids
(a) A system is not required to select the lowest bid under Section 1601.054 but shall take into consideration other relevant criteria, such as ability to service contracts, past experience, and financial stability.
(b) If a system selects a carrier whose bid differs from that advertised, the governing board of the system shall fully justify and record the reasons for the deviation in the minutes of the next meeting of the governing board.

Tex. Ins. Code § 1601.057

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.