Texas Insurance Code - INS § 842.154. Bond Requirements for Certain Officers and Employees

(a) Each group hospital service corporation shall post a bond for the officer or employee responsible for the handling of the corporation's money.  The bond must be:

(b) In addition to the bond required under Subsection (a), the corporation shall post a separate bond or a blanket bond for all employees who have access to the money of the corporation.  The bond must be in a reasonable amount set by the commissioner in the amount of at least $500, not to exceed $10,000.

(c) A bond required by this section must be payable to the commissioner for the use and benefit of the corporation.