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Texas Insurance Code - INS § 2652.103. Amount of Bond or Deposit

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The amount of the bond or deposit required under this subchapter is determined by multiplying the number of escrow officers employed by the title insurance agent or direct operation by:

(1) $5,000 for an application of an individual who is a bona fide resident of this state;  or

(2) $10,000 for an application of an individual who is a bona fide resident of a state adjacent to this state.

(b) Notwithstanding Subsection (a), the maximum amount of the bond or deposit required under this subchapter is $50,000.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2652.103. Amount of Bond or Deposit - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2652-103/

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