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TEXAS STATUTES AND CODES
CHAPTER 1803. REPORTS OF INSURANCE COVERAGE FOR STATE AGENCIES
INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 1803. REPORTS OF INSURANCE COVERAGE FOR STATE AGENCIES
Sec. 1803.001. DEFINITIONS. In this chapter:
(1) "Insurer" means an insurance company or other entity that is
authorized by the department to engage in the business of
insurance in this state, including:
(A) a reciprocal or interinsurance exchange;
(B) a mutual insurance company;
(C) a county mutual insurance company; and
(D) a Lloyd's plan.
(2) "State agency" has the meaning assigned by Section 412.001,
Labor Code.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 1803.002. REPORTING REQUIREMENTS. (a) Each insurer that
enters into an insurance policy or other contract or agreement
with a state agency for the purchase by the state agency of
property, casualty, or liability insurance coverage, including a
policy, contract, or agreement subject to competitive bidding
requirements, shall report to the State Office of Risk Management
the intended sale of the insurance coverage.
(b) The insurer shall report the intended sale of the insurance
coverage not later than the 30th day before the date the sale is
scheduled to occur in the manner prescribed by the State Office
of Risk Management.
(c) The State Office of Risk Management may require an insurer
to submit copies of insurance forms, policies, and other relevant
information.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 1803.003. FAILURE TO REPORT. An insurer that fails to
comply with the reporting requirements of this chapter is subject
to sanctions under Chapter 82.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.
Sec. 1803.004. RULES. The State Office of Risk Management shall
adopt rules as necessary to implement this chapter. The office
shall consult with the commissioner in adopting rules.
Added by Acts 2005, 79th Leg., Ch.
727, Sec. 2, eff. April 1, 2007.