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Texas Insurance Code - INS § 3503.204. Disclosure Requirements

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

A surety company that executes or delivers in this state a bail bond as defined by Section 1704.001, Occupations Code, shall disclose in the company's financial statement filed with the department the aggregate amount of:

(1) gross premium for bail bond business reported in the company's surety line of business;

(2) premium or service fees retained by the bail bond surety or agent; and

(3) premium for bail bond business received by the company, net of amounts retained by the bail bond surety or agent.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 3503.204. Disclosure Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-3503-204/

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