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TITLE 28 - INSURANCE
PART 1 - TEXAS DEPARTMENT OF INSURANCE
CHAPTER 1 - GENERAL ADMINISTRATION
SUBCHAPTER P - NEGOTIATION AND MEDIATION OF A CLAIM OF BREACH OF CONTRACT
SECTION/RULE §1.1812 - Settlement Agreement
Chapter Review Date 05/06/2022

(a) A settlement agreement may resolve an entire claim or any designated and severable portion of a claim.(b) To be enforceable, a settlement agreement must be in writing and signed by representatives of the contractor and the department who have authority to bind each respective party.(c) A partial settlement does not waive a party's rights under the Government Code Chapter 2260 as to the parts of the claims or counterclaims that are not resolved.

Source Note: The provisions of this §1.1812 adopted to be effective November 27, 2000, 25 TexReg 11658.

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