Sec. 882.157.  OFFICER BONDS.  The president, secretary, and treasurer of a mutual life insurance company shall each provide a bond for the protection of the company's policyholders:
(1)  in an amount and with sureties approved by the commissioner;  and
(2)  conditioned on the faithful performance of the officer's duties.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.