Sec. 2207.257. ANNUAL AUDIT; REPORT. (a) Each year as provided by the plan of operation, the board shall have an actuary audit the capital, surplus, and reserves of the pool and prepare a formal report for the pool and the members of the pool.
(b) The actuary must be a member of the American Academy of Actuaries.
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 2207 - Excess Liability Pools for Counties and Certain Educational Entities
Subchapter F. Board of Trustees
Section 2207.251. Board of Trustees
Section 2207.252. Terms; Vacancy
Section 2207.253. Performance Bond Required
Section 2207.254. Compensation
Section 2207.255. Officers; Meetings
Section 2207.256. General Powers and Duties of Board
Section 2207.257. Annual Audit; Report
Section 2207.258. Immunity of Board Members From Certain Liabilities