Texas Statutes
§ 2205.153 — PERFORMANCE BOND REQUIRED.
Texas § 2205.153
JurisdictionTexas
Code INInsurance Code
This text of Texas § 2205.153 (PERFORMANCE BOND REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 2205.153 (2026).
Text
Sec. 2205.153. PERFORMANCE BOND REQUIRED.
(a)Each board member shall execute a bond in the amount required by the plan of operation. The bond must be payable to the pool and conditioned on the faithful performance of the member's duties.
(b)The pool shall pay the cost of the bond executed under this section.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Nearby Sections
15
§ 2205.001
DEFINITIONS.§ 2205.003
DEPARTMENT AND COMMISSIONER SUPERVISION.§ 2205.051
CREATION OF POOL.§ 2205.052
PARTICIPATION IN POOL.§ 2205.053
SELECTION OF TEMPORARY BOARD.§ 2205.101
TIME FOR CREATION OF PLAN OF OPERATION.§ 2205.102
CONTENTS OF PLAN OF OPERATION.§ 2205.103
APPROVAL OF PLAN OF OPERATION.§ 2205.151
GOVERNANCE OF POOL.§ 2205.152
TERMS; VACANCY.§ 2205.153
PERFORMANCE BOND REQUIRED.§ 2205.154
COMPENSATION.§ 2205.155
OFFICERS; MEETINGS.§ 2205.156
GENERAL POWERS AND DUTIES OF BOARD.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 2205.153, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/2205.153.