{"data":{"id":"us-tx/tex.-insurance-code-2206.204","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2206.204","heading":"PERFORMANCE BOND REQUIRED.","body":"(a) Each board member and each board employee who has authority over money in the fund or money collected or invested by the pool shall execute a bond in an amount determined by the board. The bond must be payable to the pool and conditioned on the faithful performance of the person's duties.\n(b) The pool shall pay the cost of a bond executed under Subsection (a).\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 10. PROPERTY AND CASUALTY INSURANCE","SUBTITLE G. POOLS, GROUPS, PLANS, AND SELF-INSURANCE","CHAPTER 2206. RISK MANAGEMENT POOLS FOR CERTAIN EDUCATIONAL ENTITIES","SUBCHAPTER E. BOARD OF TRUSTEES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2206.htm#2206.204","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"23e37b1964c4bcc72398303d04043f0efafe80c513d3e85abd9a9b4a554d541b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2206.203","next":"us-tx/tex.-insurance-code-2206.205"},"notice":"GroundRules: Original legal text. Not legal advice."}