Tex. Ins. Code Section 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.

Source: Section 2209.202 — Pool Manager; Performance Bond Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2209.htm#2209.202 (accessed Jun. 5, 2024).

2209.001
Definitions 2209.002
Pool Not Engaged in Business of Insurance 2209.003
Department and Commissioner Supervision 2209.051
Creation of Pool 2209.052
Participation in Pool 2209.053
Selection of Temporary Board 2209.101
Time for Creation of Plan of Operation 2209.102
Contents of Plan of Operation 2209.103
Approval of Plan 2209.151
Governance of Pool 2209.152
Terms 2209.153
Performance Bond Required 2209.154
Compensation 2209.155
Officers 2209.156
General Powers and Duties of Board 2209.157
Immunity of Board Members from Certain Liabilities 2209.201
General Powers and Duties of Pool 2209.202
Pool Manager 2209.203
General Powers and Duties of Pool Manager 2209.204
Personnel 2209.205
Performance Bond Authorized 2209.206
Immunity of Employees and Contractors from Certain Liabilities 2209.207
Records 2209.251
Fund Creation 2209.252
Contributions 2209.253
Uses of Fund 2209.254
Depository Bank 2209.301
Scope of Coverage 2209.302
Coverage on Claims-made Basis 2209.303
Punitive Damages Not Covered 2209.304
Rates and Limits of Coverage 2209.305
Coverage Period 2209.306
Nonrenewal of Coverage 2209.307
Subsequent Coverage 2209.308
Payment of Claims and Judgments

Accessed:
Jun. 5, 2024

§ 2209.202’s source at texas.gov

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Location: https://texas.public.law/statutes/tex._ins._code_section_2209.202

Original Source: Section 2209.202 — Pool Manager; Performance Bond Required, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2209.htm#2209.202 (last accessed Jun. 5, 2024).