Texas § 2206.204 PERFORMANCE BOND REQUIRED.

Texas Statutes

§ 2206.204 — PERFORMANCE BOND REQUIRED.

Texas § 2206.204

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2206.204 (2026).

Text

Sec. 2206.204. PERFORMANCE BOND REQUIRED.

(a)Each board member and each board employee who has authority over money in the fund or money collected or invested by the pool shall execute a bond in an amount determined by the board. The bond must be payable to the pool and conditioned on the faithful performance of the person's duties.

(b)The pool shall pay the cost of a bond executed under Subsection (a).

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Sec. 2206.204. PERFORMANCE BOND REQUIRED. (a) Each board member and each board employee who has authority over money in the fund or money collected or invested by the pool shall execute a bond in an amount determined by the board. The bond must be payable to the pool and conditioned on the faithful performance of the person's duties.
(b) The pool shall pay the cost of a bond executed under Subsection (a).