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Tex. Gov't Code § 2261.102

LIABILITY INSURANCE COVERAGE REQUIRED

Added by Acts 1999, 76th Leg., ch. 1498, Sec. 5, eff

Each state agency shall, when feasible, include provisions in each of its contracts for goods or services that are subject to this chapter that require the contractor to carry director or officer liability insurance coverage in an amount not less than the value of the contract that is sufficient to protect the interests of the state in the event an actionable act or omission by a director or officer of the contractor damages the state's interests.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.