Texas Agriculture Code 41.211 – Rules
Current as of: 2024 | Check for updates
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Terms Used In Texas Agriculture Code 41.211
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
Except as provided by Section 41.212, the board may adopt rules as necessary to implement this subchapter, including rules relating to:
(1) notice and collection of assessments;
(2) the orderly distribution of refunds;
(3) the management of the board’s budget;
(4) the use of insurance and reinsurance products;
(5) administration of the board’s duties;
(6) the statewide referendum conducted under Section 41.212;
(7) the selection of agents, designees, or devices to carry out the intent of the board; and
(8) guidelines for industry practices that do or do not qualify for indemnification by the board.