Section 463.065 - Insurance(a) An authority may insure, through purchased insurance policies or 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 of its contractors and subcontractors.Tex. Transp. Code § 463.065
Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 709,Sec. 16, eff. 9/1/2023.Added by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 151,Sec. 1, eff. 5/24/2019.