Texas HB4575 amends the Transportation Code to allow certain metropolitan rapid transit authorities to select and retain an insurance broker.

Texas HB4575 amends the Transportation Code to allow metropolitan rapid transit authorities in municipalities with populations under 320,000 to select a licensed insurance agent as the sole broker of record. This broker can obtain proposals and coverages for various insurance areas, including public official liability, property, casualty, workers' compensation, and stop-loss coverage for self-funded health care. The board may retain the broker only on a fee basis paid by the authority.

Texas HB4575 amends the Transportation Code to allow certain metropolitan rapid transit authorities to select and retain an insurance broker.

Texas HB4575 amends the Transportation Code to allow metropolitan rapid transit authorities in municipalities with populations under 320,000 to select a licensed insurance agent as the sole broker of record. This broker can obtain proposals and coverages for various insurance areas, including public official liability, property, casualty, workers' compensation, and stop-loss coverage for self-funded health care. The board may retain the broker only on a fee basis paid by the authority.