Tex. Insurance Code § 3503.003
DESIGNATION OF AGENT BY CORPORATE SURETY REQUIRED
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 3503.003, DESIGNATION OF AGENT BY CORPORATE SURETY REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/685252
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Full text
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 satisfactory to the municipality, an agent:
(1) who is a resident of the county in which the municipality is located; and
(2) to whom any required notices may be delivered and on whom process may be served in matters arising out of the suretyship.