Sec. 961.207. PARTICIPATION AGREEMENTS. (a) Subject to Subsection (b), a nonprofit legal services corporation may:
(1) contract with another nonprofit legal services corporation or an insurer authorized to engage in business in this state for joint participation through:
(A) a mutualization contract agreement; or
(B) a guaranty treaty; and
(2) cede or accept a legal services obligation from such a corporation or insurer on all or part of a legal services obligation.
(b) Each document used for a purpose described by Subsection (a) must be filed with the department and approved by the department to be in accordance with the corporation's plan of operation before the document takes effect.
(c) To carry out the purposes of this section, the commissioner may adopt rules governing an agreement with an insurer under Subsection (a).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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