Sec. 2209.202. POOL MANAGER; PERFORMANCE BOND REQUIRED. (a) The board shall appoint a pool manager who serves at the pleasure of the board, and the board shall supervise the pool manager's activities.
(b) The pool manager is entitled to receive compensation as authorized by the board.
(c) The pool manager shall execute a bond in the amount determined by the board. The bond must be payable to the pool and conditioned on the faithful performance of the pool manager's duties.
(d) 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 2209 - Texas Nonprofit Organizations Liability Pool
Subchapter E. Operation of Pool
Section 2209.201. General Powers and Duties of Pool
Section 2209.202. Pool Manager; Performance Bond Required
Section 2209.203. General Powers and Duties of Pool Manager
Section 2209.205. Performance Bond Authorized
Section 2209.206. Immunity of Employees and Contractors From Certain Liabilities