Sec. 2205.208. ANNUAL AUDIT. The board shall require an annual audit of the pool's capital, surplus, and reserves. The audit must be conducted by an actuary who is a member of the American Academy of Actuaries or a similar national organization of actuaries recognized by the board.
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 E. Operation of Pool
Section 2205.201. General Powers and Duties of Pool
Section 2205.202. Pool Manager; Performance Bond Required
Section 2205.203. General Powers and Duties of Pool Manager
Section 2205.205. Performance Bond Authorized
Section 2205.206. Immunity of Employees and Contractors From Certain Liabilities