Tex. Ins. Code § 2209.153 · Subchapter D. BOARD OF TRUSTEES
PERFORMANCE BOND REQUIRED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2209.htm
- Text hash
- sha256 5f2cf50f3d299c4b480adaaec437daef5d6d2c335642cb0a74a86207d3c880dc
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.