Texas Insurance Code
§ 462.101 — GENERAL POWERS AND DUTIES
IN § 462.101Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION · Art. C. GENERAL POWERS AND DUTIES OF ASSOCIATION
Statute text
View on source(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.
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Legislative history
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.