Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 5 - PROPERTY AND CASUALTY INSURANCE
Subchapter T - FAIR PLAN
Division 1 - PLAN OF OPERATION
Section 5.9921 - Fidelity Bonds
Universal Citation: 28 TX Admin Code § 5.9921
Current through Reg. 50, No. 13; March 28, 2025
The Association is authorized to purchase fidelity bonds in the amounts required by the Governing Committee. The bonds shall reimburse the Association for any pecuniary loss it may sustain by any act or acts of fraud or dishonesty on the part of members of the Governing Committee, Association officers or employees in the discharge of their duties.
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