Texas Insurance Code 961.254 – Indemnity Contracts
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(a) A nonprofit legal services corporation may issue a contract for legal services providing for indemnity for costs of services of an attorney who is not a contracting attorney.
(b) A contract under Subsection (a) may be issued without the guarantee provided by Section 961.302(1).
Terms Used In Texas Insurance Code 961.254
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.