Sec. 2208.205. PERFORMANCE BOND AUTHORIZED. The board may require an employee or a person with whom the pool manager contracts under Section 2208.204 to execute a bond in an amount determined by the board. The bond must be payable to the board and conditioned on the faithful performance of the employee's or other person's duties to the pool.
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 2208 - Texas Public Entity Excess Insurance Pool
Subchapter E. Operation of Pool
Section 2208.201. General Powers and Duties of Pool
Section 2208.202. Pool Manager
Section 2208.203. General Powers and Duties of Pool Manager
Section 2208.205. Performance Bond Authorized
Section 2208.206. Immunity of Employees and Contractors From Certain Liabilities