Texas Transportation Code

§ 601.453 — AGENT

TN § 601.453Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. N. FINANCIAL RESPONSIBILITY VERIFICATION PROGRAM

Statute text

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(a)The Texas Department of Insurance in consultation with the other implementing agencies, under a competitive bidding procedure, shall select an agent to develop, implement, operate, and maintain the program.

(b)The implementing agencies shall jointly enter into a contract with the selected agent.

(c)A contract under this section may not have a term of more than five years.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 892 (S.B. 1670), Sec. 1, eff. September 1, 2005.