Tex. Ins. Code § 4152.058 · Subchapter B. LICENSE REQUIREMENTS
BOND OR ERRORS AND OMISSIONS POLICY.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may require a reinsurance intermediary to:
(1) file a bond with the commissioner for the protection of all insurers represented; or
(2) maintain an errors and omissions policy.
(b) The issuer of the bond or the errors and omissions policy must be acceptable to the commissioner. The bond or the policy must be in an amount determined by the commissioner to be customary and adequate under the circumstances.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.4152.htm
- Text hash
- sha256 6e27241e85c0da3f36e295eeedbf93aafbe24b49bf294ae83d85fb2c42dd384f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.