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Tex. Insurance Code § 1575.107

CONTRACT AWARD; CONSIDERATIONS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1575.107, CONTRACT AWARD; CONSIDERATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683035
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(a) In awarding a contract to provide group benefits under this chapter, the trustee is not required to select the lowest bid and may consider any relevant criteria, including the bidder's: (1) ability to service contracts; (2) past experiences; and (3) financial stability. (b) If the trustee awards a contract to a bidder whose bid deviates from that advertised, the trustee shall record the deviation and fully justify the reason for the deviation in the minutes of the next meeting of the trustee.