§ 3503.101 — BAIL BOND CERTIFICATES.

Texas § 3503.101

• Jurisdiction: Texas
• Code IN: Insurance Code

Text

Sec. 3503.101. BAIL BOND CERTIFICATES. (a) In any year, an insurance company authorized to engage in fidelity and surety insurance business in this state may become surety in an amount not to exceed $200 with respect to each bail bond certificate issued in that year by:
(1) an automobile club authorized to transact business in this state; or
(2) a truck and bus association incorporated in this state.
(b) The bail bond certificate must be a printed card or other certificate that:
(1) is issued by:
(A) an automobile club authorized to transact business within this state; or
(B) a truck and bus association incorporated in this state;
(2) is issued to a member of the club or association and signed by the member of the club or association; and
(3) contains a printed statement that:
(A) a fidelity and surety company authorized to engage in business in this state guarantees the appearance of the member whose signature appears on the card or certificate; and
(B) if the member fails to appear in court at the time of trial, the fidelity and surety company will pay any fine or forfeiture imposed on the member in an amount not to exceed $200.
SUBCHAPTER D. SUIT ON CERTAIN BONDS OR OTHER OBLIGATIONS

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 3, eff. April 1, 2007.