{"data":{"id":"us-tx/tex.-insurance-code-463.106","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 463.106","heading":"DELEGATION OF POWERS AND DUTIES.","body":"(a) The plan of operation may provide that, on approval of the board and the commissioner, a power or duty of the association is delegated to a corporation or other organization that:\n(1) performs in two or more states functions similar to those of the association or the association's equivalent; and\n(2) provides protection not substantially less favorable and effective than that provided by this chapter.\n(b) A power or duty under Section 463.261(c) or Subchapter D, other than a duty under Section 463.161(c), may not be delegated under this section.\n(c) The corporation or other organization to which a power or duty is delegated shall be:\n(1) reimbursed for a payment made on behalf of the association; and\n(2) paid for performing any other function of the association.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE D. GUARANTY ASSOCIATIONS","CHAPTER 463. TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION","SUBCHAPTER C. GENERAL POWERS AND DUTIES OF ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.463.htm#463.106","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"cebc77a71a861733327f8abbcac4e7b90aeab2a8e8103ffa588928998be9d49f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-463.105","next":"us-tx/tex.-insurance-code-463.107"},"notice":"GroundRules: Original legal text. Not legal advice."}