Texas Insurance Code 842.155 – Treasurer’s Bond
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Insurance Code 842.155
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
The treasurer of each group hospital service corporation shall post a fidelity bond with a corporation surety. The bond must be in the amount determined by the officers of the corporation as necessary to secure the faithful handling of the corporation’s money.