101.354 – BOND REQUIREMENT FOR ADMINISTRATIVE PROCEEDING.
Texas Insurance Code § 101.354
Summary
This law mandates that unauthorized persons or insurers must post a bond or deposit cash/securities before filing in administrative proceedings. It ensures that there are sufficient funds to cover any potential final orders issued by the commissioner.
Applies to unauthorized persons or insurers in administrative proceedings.
Requires a bond or cash/securities deposit as determined by the commissioner.
Ensures funds are available for any final orders issued.
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In simple terms: Learn about Texas's BOND REQUIREMENT FOR ADMINISTRATIVE PROCEEDING. law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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