(a) The pool manager shall employ or contract with persons necessary to assist the board and the pool manager in implementing the powers and duties of the pool.
(b) The board must approve:
(1) the compensation paid to a pool employee; and
(2) a contract made with a person under this section.

Terms Used In Texas Insurance Code 2208.204

  • Contract: A legal written agreement that becomes binding when signed.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
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