Texas Insurance Code 228.353 – Indemnity Agreements and Insurance Authorized
Current as of: 2024 | Check for updates
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(a) A certified capital company may agree to indemnify, or purchase insurance for the benefit of, a certified investor for losses resulting from the recapture or forfeiture of premium tax credits under § 228.351.
(b) Any guaranty, indemnity, bond, insurance policy, or other payment undertaking made under this section may not be provided by more than one certified investor of the certified capital company or affiliate of the certified investor.