Texas § GV.609.113 - EVALUATION AND APPROVAL OF QUALIFIED VENDOR
Full text of Texas The Texas Constitution § GV.609.113 — EVALUATION AND APPROVAL OF QUALIFIED VENDOR, with citation guidance and answers to common questions.
§ GV.609.113. EVALUATION AND APPROVAL OF QUALIFIED VENDOR
EVALUATION AND APPROVAL OF QUALIFIED VENDOR. (a) A plan administrator shall develop and implement criteria and procedures for evaluating a vendor's application to become a qualified vendor. (b) A plan administrator may not approve a vendor's application if the vendor is: (1) a state or national bank or savings and loan association, the deposits of which are not insured by the Federal Deposit Insurance Corporation; (2) a credit union, the deposits of which are not insured by the National Credit Union Administration Board or the Texas Share Guaranty Credit Union; or (3) an insurance company that: (A) is not a member of the Texas Life and Health Insurance Guaranty Association; or (B) is an impaired or insolvent insurer under Chapter 463 , Insurance Code. (c) On written request, the Texas Department of Insurance shall certify in writing to a plan administrator whether an insurance company is prohibited from being approved as a qualified vendor under Subsection (b)(3). The plan administrator may rely on the certification. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 14 (S.B. 567 ), Sec. 12, eff. September 1, 2011.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.609.113
What does The Texas Constitution § GV.609.113 cover?
Section GV.609.113 ("EVALUATION AND APPROVAL OF QUALIFIED VENDOR") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.609.113?
A common citation format is "The Texas Constitution § GV.609.113" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.609.113 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.