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Tex. Insurance Code § 1579.055

CONTRACT AWARD; CONSIDERATIONS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 1579.055, CONTRACT AWARD; CONSIDERATIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683166
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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 also 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 board meeting.