Texas Insurance Code - Section 462.101. General Powers And Duties
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§ 462.101. GENERAL POWERS AND DUTIES. (a) The
association may:
(1) employ or retain persons as necessary to handle
claims and perform other duties of the association;
(2) borrow money necessary to implement this chapter
in accordance with the plan of operation;
(3) sue or be sued;
(4) negotiate and enter into a contract as necessary
to implement this chapter; and
(5) perform other acts as necessary or proper to
implement this chapter.
(b) A contract authorized by Subsection (a)(4) includes a
lump-sum or structured compromise and settlement agreement with a
claimant who has a claim for medical or indemnity benefits for a
period of three years or more, other than a settlement or lump-sum
payment in violation of Subtitle A, Title 5, Labor Code.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 462.053 462.054 462.055 462.056 462.057 462.058 462.059 462.101 462.102 462.103 462.104 462.105 462.106 462.107 462.108
Last modified: August 11, 2007
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