Tex. Ins. Code § 1551.214. Selection of Bids for Purchased Coverage: Texas Employees Group Benefits Act – Texas

Status: Enacted
Year Enacted: 2001
Year Amended: 2003
File: Download

An actuary selected by the board of trustees shall advise the board as to the actuarial soundness of the bids received under Section 1551.213. The board of trustees: shall select carriers to provide services that will be in the best interest of participants; and is not required to select the lowest bid but shall take into consideration other relevant criteria, including ability to service contracts, past experience, and financial stability.

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