Tex. Ins. Code § 882.157

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 882.157 - Officer Bonds

The president, secretary, and treasurer of a mutual life insurance company shall each provide a bond for the protection of the company's policyholders:

(1) in an amount and with sureties approved by the commissioner; and

(2) conditioned on the faithful performance of the officer's duties.

Tex. Ins. Code § 882.157

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.