(a) The performance of a contractual obligation of the exchange or a member entered into under this chapter is not covered by an insurance guaranty fund provided by the laws of this state.
(b) This section does not apply to the security fund established under Section 2204.053(b)(4).

Terms Used In Texas Insurance Code 2204.103

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
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