Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 228.353: INDEMNITY AGREEMENTS AND INSURANCE AUTHORIZED.

Where this section sits in the code

INSURANCE CODE
TITLE 3. DEPARTMENT FUNDS, FEES, SURCHARGES, AND TAXES
SUBTITLE B. INSURANCE PREMIUM TAXES
CHAPTER 228. PREMIUM TAX CREDIT FOR CERTAIN INVESTMENTS
SUBCHAPTER H. RECAPTURE AND FORFEITURE OF PREMIUM TAX CREDITS

(a) A certified capital company may agree to indemnify, or purchase insurance for the benefit of, a certified investor for losses resulting from the recapture or forfeiture of premium tax credits under Section 228.351.

(b) Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this section may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor.

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1B.001, eff. April 1, 2009.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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