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386 chapters · 7,822 sections in this title.
Tex. Insurance Code § 3503.001 Definition
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Sec. 3503.001. DEFINITION. In this subchapter, "obligation" means a bond, undertaking, recognizance, guaranty, or other obligation that is by law or by a charter, ordinance, or rule of a municipality, board, body, organization, court, or public officer required or permitted to be…
Tex. Insurance Code § 3503.002 Execution of Obligation By Surety Company
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Sec. 3503.002. EXECUTION OF OBLIGATION BY SURETY COMPANY. (a) A surety company authorized to engage in business in this state may execute an obligation. (b) Except as provided by Section 3503.004 or 3503.005, the execution of an obligation by a surety company under Subsection (a)…
Tex. Insurance Code § 3503.003 Designation of Agent By Corporate Surety Required
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Sec. 3503.003. DESIGNATION OF AGENT BY CORPORATE SURETY REQUIRED. Notwithstanding Section 3503.002, in specifications by a municipality for work or supplies for which sealed bids are required, the municipality may require that a corporate surety tender designate, in a manner sati…
Tex. Insurance Code § 3503.004 Written Certification of Reinsurance As Condition of Acceptance of Obligation
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Sec. 3503.004. WRITTEN CERTIFICATION OF REINSURANCE AS CONDITION OF ACCEPTANCE OF OBLIGATION. (a) If an obligation is in an amount that exceeds 10 percent of the surety company's capital and surplus, the municipality, board, body, organization, court, or public officer may requir…