Sec. 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 accident 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.
Added by Acts 2019, 86th Leg., R.S., Ch. 151 (H.B. 71), Sec. 1, eff. May 24, 2019.
Structure Texas Statutes
Subtitle K - Mass Transportation
Chapter 463 - Regional Transit Authorities
Subchapter B. Powers of Authorities
Section 463.051. Powers Applicable to Confirmed Authority
Section 463.052. Nature of Authority
Section 463.053. Responsibility for Control of Authority
Section 463.054. General Powers of Authority
Section 463.055. Contracts; Grants and Loans
Section 463.056. Operation of Public Transportation System
Section 463.057. Acquisition of Property by Agreement
Section 463.058. Use and Acquisition of Property of Others
Section 463.059. Eminent Domain Proceedings
Section 463.060. Agreement With Utilities; Carriers
Section 463.061. Fares and Other Charges
Section 463.062. Enforcement of Fares and Other Charges; Penalties
Section 463.063. Fare Enforcement Officers
Section 463.064. Enforcement of High Occupancy Vehicle Lane Usage
Section 463.066. Tax Exemption