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.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle G - Pools, Groups, Plans, and Self-Insurance
Chapter 2205 - Texas Child-Care Facility Liability Pool
Subchapter D. Board of Trustees
Section 2205.151. Governance of Pool
Section 2205.152. Terms; Vacancy
Section 2205.153. Performance Bond Required
Section 2205.154. Compensation
Section 2205.155. Officers; Meetings
Section 2205.156. General Powers and Duties of Board
Section 2205.157. Immunity of Board Members From Certain Liabilities