Tex. Ins. Code § 228.353

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 228.353 - Indemnity Agreements and Insurance Authorized
(a) A certified capital company may agree to indemnify, or purchase insurance for the benefit of, a certified investor for losses resulting from the recapture or forfeiture of premium tax credits under Section 228.351.
(b) Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this section may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor.

Tex. Ins. Code § 228.353

Added by Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 1B.001, eff. 4/1/2009.