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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 1GENERAL ADMINISTRATION
SUBCHAPTER PNEGOTIATION AND MEDIATION OF A CLAIM OF BREACH OF CONTRACT
RULE §1.1812Settlement Agreement
(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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