Tex. Insurance Code § 885.255
This is the official text of Tex. Insurance Code § 885.255, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 885.255. INDEMNIFICATION OR REIMBURSEMENT.
Official statutory text
(a) A fraternal benefit society may indemnify and reimburse a person for expenses reasonably incurred by, and liabilities imposed on, that person in connection with or arising out of a proceeding, whether civil, criminal, administrative, or investigative, in which the person is involved, or in connection with or arising out of a threat of a proceeding against that person, because that person is or was a director, officer, employee, or agent of:
(1) the society; or
(2) a firm, corporation, or organization with which the person served in any capacity at the request of the society.
(b) The right of indemnification and reimbursement under Subsection (a) is not exclusive of other rights to which a person may be entitled as a matter of law and inures to the benefit of the person's devisees, legatees, heirs, and estate.
(1) the society; or
(2) a firm, corporation, or organization with which the person served in any capacity at the request of the society.
(b) The right of indemnification and reimbursement under Subsection (a) is not exclusive of other rights to which a person may be entitled as a matter of law and inures to the benefit of the person's devisees, legatees, heirs, and estate.
Status: in_force · Read it on the official government site
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