Texas § 228.353 INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED.

Texas Statutes

§ 228.353 — INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED.

Texas § 228.353

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Bluebook

Tex. Insurance Code Code Ann. § 228.353 (2026).

Text

Sec. 228.353. INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED.

(a)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 Section 228.351 .

(b)Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this section may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor.

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Sec. 228.353. INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED. (a) 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 Section 228.351 .
(b) Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this section may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor.