Texas Government Code § 2261.102 Liability Insurance Coverage Required

Sec. 2261.102. LIABILITY INSURANCE COVERAGE REQUIRED. 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.

Added by Acts 1999, 76th Leg., ch. 1498, Sec. 5, eff. Sept. 1, 1999. Renumbered from Sec. 2259.102 by Acts 2001, 77th Leg., ch. 1420, Sec. 21.001(71), eff. Sept. 1, 2001.


Section: Previous  2261.001  2261.002  2261.003  2261.051  2261.052  2261.053  2261.101  2261.102  2261.151  2261.201  2261.202  2261.203  2261.251  2261.252  2261.253  Next

Last modified: September 28, 2016