Tex. Ins. Code Section 2207.302
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 the compensation 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.

Source: Section 2207.302 — Pool Manager; Performance Bond Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2207.htm#2207.302 (accessed Jun. 5, 2024).

2207.001
Definitions 2207.002
Pool Not Engaged in Business of Insurance 2207.051
Creation of County Excess Liability Pool 2207.052
Participation in Other Pools Not Permitted 2207.053
Selection of Temporary Board 2207.101
Creation of School District Excess Liability Pool 2207.102
Participation in Other Pools Not Permitted 2207.103
Selection of Temporary Board 2207.151
Creation of Junior College District Excess Liability Pool 2207.152
Participation in Other Pools Not Permitted 2207.153
Selection of Temporary Board 2207.201
Time for Creation of Plan of Operation 2207.202
Contents of Plan of Operation 2207.251
Board of Trustees 2207.252
Terms 2207.253
Performance Bond Required 2207.254
Compensation 2207.255
Officers 2207.256
General Powers and Duties of Board 2207.257
Annual Audit 2207.258
Immunity of Board Members from Certain Liabilities 2207.301
General Powers and Duties of Pool 2207.302
Pool Manager 2207.303
General Powers and Duties of Pool Manager 2207.304
Personnel 2207.305
Performance Bond Authorized 2207.306
Immunity of Employees and Contractors from Certain Liabilities 2207.307
Office 2207.351
Fund Creation 2207.352
Contributions 2207.353
Uses of Fund 2207.354
Depository Bank 2207.401
Entitlement to Coverage 2207.402
Scope of Coverage 2207.403
Basis of Coverage 2207.404
Rates and Limits of Coverage 2207.405
Use of Entity Money for Pool Coverage Authorized 2207.406
Coverage Period 2207.407
Nonrenewal of Coverage 2207.408
Subsequent Coverage 2207.409
Payment of Claims and Judgments

Accessed:
Jun. 5, 2024

§ 2207.302’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_2207.302

Original Source: Section 2207.302 — Pool Manager; Performance Bond Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2207.htm#2207.302 (last accessed Jun. 5, 2024).