Tex. Ins. Code § 462.109 · Subchapter C. GENERAL POWERS AND DUTIES OF ASSOCIATION
DELEGATION OF POWERS AND DUTIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), the plan of operation may provide that, on approval of the board and the commissioner, the association may delegate by contract any or all powers or duties of the association to a corporation or other organization that:
(1) performs or will perform 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) The association may not delegate a power or duty under Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d) under this section.
(c) The association shall:
(1) reimburse the corporation or other organization as a servicing facility would be reimbursed; and
(2) pay the corporation or other organization for the performance of any other functions of the association.
(d) A contract entered into under this section is subject to the performance standards imposed under Section 442.112.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.462.htm
- Text hash
- sha256 c4ebb2e2bbf827757c0b5321f698bed622f3e1094da95ac373f75705b8a1c866
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code § 462.101GENERAL POWERS AND DUTIES.Printed as Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d)
- Tex. Ins. Code § 462.151MAKING OF ASSESSMENT; AMOUNT.Printed as Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d)
- Tex. Ins. Code § 462.154NOTICE OF ASSESSMENT.Printed as Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d)
- Tex. Ins. Code § 462.155DEFERMENT.Printed as Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d)
- Tex. Ins. Code § 462.302PAYMENT OF COVERED CLAIMS.Printed as Section 462.101(a)(2), 462.151, 462.154, 462.155, or 462.302(d)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.