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Current as of January 01, 2024 | Updated by Findlaw Staff
A delegation agreement required by Section 1272.052 must provide that:
(1) any agreement under which the delegated entity directly or indirectly delegates a function required by this chapter, Chapter 843, 1271, or 1367, Subchapter A, Chapter 1452, or Subchapter B, Chapter 1507, 1 including the handling of funds, if applicable, to a delegated third party must be in writing; and
(2) the delegated entity, in contracting with a delegated third party directly or through a third party, shall require the delegated third party to comply with the requirements of Section 1272.057 and any rules adopted by the commissioner implementing that section.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1272.059. Contracts with Delegated Third Party - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1272-059/
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