Tex. Ins. Code Section 2213.052
Creation of Savings and Loan Self-insurance Trust; Coverage

(a)

Two or more savings and loan associations that have their principal offices located in this state may create a savings and loan self-insurance trust to provide insurance and indemnity coverage for the savings and loan self-insurance trust’s members and the officers and directors of the savings and loan self-insurance trust’s members.

(b)

Insurance and indemnity coverage provided by the savings and loan self-insurance trust is limited to savings and loan blanket bonds covering losses resulting from:

(1)

dishonest acts and criminal acts of employees; or

(2)

robbery.

(c)

The trustees shall determine, according to the plan, the amount of coverage to be provided to a savings and loan association participating in the savings and loan self-insurance trust.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Source: Section 2213.052 — Creation of Savings and Loan Self-insurance Trust; Coverage, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2213.­htm#2213.­052 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 2213.052’s source at texas​.gov