7 Tex. Admin. Code § 91.6014

Current through Reg. 49, No. 50; December 13, 2024

Section 91.6014 - Errors and Omissions Insurance

The credit union shall procure errors and omission insurance sufficient to mitigate the risks involved in fiduciary activities, but at no time shall errors and omissions insurance coverage be less than five hundred thousand dollars. A credit union shall conduct and document the annual analysis of the appropriateness of the current coverage.

The provisions of this §91.6014 adopted to be effective August 10, 2003, 28 TexReg 6270; Amended by Texas Register, Volume 45, Number 21, May 22, 2020, TexReg 3438, eff. 5/31/2020