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Tex. Insurance Code § 2206.204

PERFORMANCE BOND REQUIRED

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 2206.204, PERFORMANCE BOND REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684374
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(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).