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Texas Insurance Code - INS § 2213.052. Creation of Savings and Loan Self-insurance Trust;  Coverage

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Two or more savings and loan associations that have their principal offices located in this state may create a savings and loan self-insurance trust to provide insurance and indemnity coverage for the savings and loan self-insurance trust's members and the officers and directors of the savings and loan self-insurance trust's members.

(b) Insurance and indemnity coverage provided by the savings and loan self-insurance trust is limited to savings and loan blanket bonds covering losses resulting from:

(1) dishonest acts and criminal acts of employees;  or

(2) robbery.

(c) The trustees shall determine, according to the plan, the amount of coverage to be provided to a savings and loan association participating in the savings and loan self-insurance trust.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2213.052. Creation of Savings and Loan Self-insurance Trust;  Coverage - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2213-052/

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