SECTION 252.301. Review of Lines of Insurance by the Office

(a) This subchapter shall apply to agencies of the State of Texas, courts or institutions subject to Labor Code, Chapter 501, except for an institution subject to §501.022.

(b) The Office shall select lines of insurance for review based on the following factors:

(1) reported purchases by agencies;

(2) identified exposures and liabilities as reported by agencies or as determined by the Office;

(3) the number of agencies requesting the line or type of insurance;

(4) whether the insurance is necessary to protect the interests of the state;

(5) whether the insurance is economically advantageous to the state;

(6) whether the line is available from acceptable vendors at acceptable prices; or

(7) other relevant factors as determined by the Office.

(c) After review of each line of insurance, the Office shall classify each line as follows:

(1) approved with sponsored policy;

(2) approved without sponsored policy; or

(3) prohibited, except as authorized under §252.305.

(d) After review, the classification assigned to each line of insurance reviewed, along with any comments by the Office, shall be posted on the Office's website.

Source Note: The provisions of this §252.301 adopted to be effective December 22, 2002, 27 TexReg 11775