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Tex. Insurance Code § 2651.102

ALTERNATIVE TO BOND

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 2651.102, ALTERNATIVE TO BOND, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685073
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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.