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Tex. Ins. Code § 1601.057

SELECTION OF BIDS

Known as the State University Employees Uniform Insurance Benefits Act

The act spans §§ 1601.001 to 1601.308 (68 sections).

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff

(a) A system is not required to select the lowest bid under Section 1601.054 but shall take into consideration other relevant criteria, such as ability to service contracts, past experience, and financial stability.

(b) If a system selects a carrier whose bid differs from that advertised, the governing board of the system shall fully justify and record the reasons for the deviation in the minutes of the next meeting of the governing board.

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