Texas § 371.154 INSURANCE AND BOND.

Texas Statutes

§ 371.154 — INSURANCE AND BOND.

Texas § 371.154

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 371.154 (2026).

Text

Sec. 371.154. INSURANCE AND BOND.

(a)A pawnbroker shall maintain general liability and fire insurance:

(1)in a reasonable amount and form required by the commissioner; and

(2)sufficient to protect pledged goods, including jewelry, at the pawnshop.

(b)A pawnbroker shall secure a bond:

(1)in the amount, not to exceed $5,000, required by the commissioner;

(2)in the form required by the commissioner; and

(3)conditioned on compliance with this chapter and rules adopted under this chapter.

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Sec. 371.154. INSURANCE AND BOND. (a) A pawnbroker shall maintain general liability and fire insurance:
(1) in a reasonable amount and form required by the commissioner; and
(2) sufficient to protect pledged goods, including jewelry, at the pawnshop.
(b) A pawnbroker shall secure a bond:
(1) in the amount, not to exceed $5,000, required by the commissioner;
(2) in the form required by the commissioner; and
(3) conditioned on compliance with this chapter and rules adopted under this chapter.