ALTERNATIVE TO BOND.

Tex. INS Code § 2651.102.
in effect
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(a) Instead of the bond required by Section 2651.101 , a title insurance agent or direct operation may deposit with the department: (1) cash; (2) irrevocable letters of credit issued by a financial institution in this state that is insured by an agency of the United States; or (3) securities approved by the department. (b) The cash, letters of credit, or securities deposited under this section are subject to the conditions required for a bond under Section 2651.101 . Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026
Tex. INS Code § 2651.102. — ALTERNATIVE TO BOND | Texas Statutes | Corpus