Texas Insurance Code - Section 442.053. Performance Bond Required
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§ 442.053. PERFORMANCE BOND REQUIRED. A special deputy
receiver must file with the commissioner a bond that is:
(1) in an amount established by the commissioner;
(2) payable to the commissioner for the benefit of
injured parties; and
(3) conditioned on:
(A) the faithful performance of the special
deputy receiver's duties; and
(B) the proper accounting for all money and
property received or administered by the special deputy receiver.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 441.351 442.001 442.002 442.003 442.004 442.051 442.052 442.053 442.054 442.055 442.056 442.101 442.102 442.103 442.104
Last modified: August 10, 2007
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