Texas § 4152.058 BOND OR ERRORS AND OMISSIONS POLICY.

Texas Statutes

§ 4152.058 — BOND OR ERRORS AND OMISSIONS POLICY.

Texas § 4152.058

Code INInsurance Code

This text of Texas § 4152.058 (BOND OR ERRORS AND OMISSIONS POLICY.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 4152.058 (2026).

Text

Sec. 4152.058. BOND OR ERRORS AND OMISSIONS POLICY.

(a)The commissioner may require a reinsurance intermediary to:

(1)file a bond with the commissioner for the protection of all insurers represented; or

(2)maintain an errors and omissions policy.

(b)The issuer of the bond or the errors and omissions policy must be acceptable to the commissioner. The bond or the policy must be in an amount determined by the commissioner to be customary and adequate under the circumstances.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 4152.058. BOND OR ERRORS AND OMISSIONS POLICY. (a) The commissioner may require a reinsurance intermediary to:
(1) file a bond with the commissioner for the protection of all insurers represented; or
(2) maintain an errors and omissions policy.
(b) The issuer of the bond or the errors and omissions policy must be acceptable to the commissioner. The bond or the policy must be in an amount determined by the commissioner to be customary and adequate under the circumstances.