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Texas Insurance Code - INS § 3503.151. Venue of Suit on Certain Bonds or Other Obligations

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

(a)  This section applies to:

(1) a bond or other obligation of an insurance company authorized to engage in business in this state and to act as surety and guarantor of the fidelity of employees, trustees, executors, administrators, guardians, or others appointed to, or assuming the performance of, any public or private trust under appointment of a court or tribunal, or under contract between private individuals or corporations;  or

(2) a bond that may be required:

(A) to be filed in a judicial proceeding;

(B) to guarantee a contract or undertaking between:

(i) individuals;

(ii) private corporations;

(iii) individuals and corporations;  or

(iv) individuals or private corporations and the state, a municipal corporation, or a county;  or

(C) of a state, county, municipal, or district official, including a school district official.

(b) A proper court in the county in which a bond or other obligation described by Subsection (a) is filed has jurisdiction of a suit instituted on the bond or obligation.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 3503.151. Venue of Suit on Certain Bonds or Other Obligations - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-3503-151/

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