Texas Insurance Code § 2205.205 Performance Bond Authorized

Sec. 2205.205. PERFORMANCE BOND AUTHORIZED. The board may require an employee or a person with whom the pool manager contracts under Section 2205.204 to execute a bond in an amount determined by the board. The bond must be payable to the board and conditioned on the faithful performance of the employee's or other person's duties to the pool.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Section: Previous  2205.155  2205.156  2205.157  2205.201  2205.202  2205.203  2205.204  2205.205  2205.206  2205.207  2205.208  2205.251  2205.252  2205.253  2205.254  Next

Last modified: September 28, 2016