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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) An authority may insure, through purchased insurance policies, self-insurance programs, or both, the legal liability of the authority and of its contractors and subcontractors arising from the acquisition, construction, or operation of the programs and facilities of the authority for:
(1) personal or property damage; and
(2) officers' and employees' liability.
(b) An authority may use contracts, rating plans, and risk management programs designed to encourage collision prevention.
(c) In developing an insurance or self-insurance program, an authority may consider the peculiar hazards, indemnity standards, and past and prospective loss and expense experience of the authority and similar authorities and of its contractors and subcontractors.
Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 460.110. Insurance - last updated January 01, 2024 | https://codes.findlaw.com/tx/transportation-code/transp-sect-460-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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