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Texas Insurance Code - Not Codified - Article 4.64. Indemnity Agreements And Insurance Authorized

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Art. 4.64. INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED. A certified capital company may agree to indemnify, or purchase insurance for the benefit of, a certified investor for losses resulting from the recapture or forfeiture of premium tax credits under Article 4.63 of this code. Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this article may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor. Added by Acts 2001, 77th Leg., ch. 437, Sec. 1, eff. May 28, 2001.

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Last modified: August 11, 2007