{"data":{"id":"us-tx/tex.-insurance-code-2651.102","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2651.102","heading":"ALTERNATIVE TO BOND.","body":"(a) Instead of the bond required by Section 2651.101, a title insurance agent or direct operation may deposit with the department:\n(1) cash;\n(2) irrevocable letters of credit issued by a financial institution in this state that is insured by an agency of the United States; or\n(3) securities approved by the department.\n(b) The cash, letters of credit, or securities deposited under this section are subject to the conditions required for a bond under Section 2651.101.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 11. TITLE INSURANCE","SUBTITLE D. TITLE INSURANCE PROFESSIONALS","CHAPTER 2651. TITLE INSURANCE AGENTS AND DIRECT OPERATIONS","SUBCHAPTER C. BOND AND DEPOSIT REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2651.htm#2651.102","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"38e6d01c74e52ca31f8706cca515b5b0b88e013f9a126df7ef069cd1787a59f5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2651.101","next":"us-tx/tex.-insurance-code-2651.103"},"notice":"GroundRules: Original legal text. Not legal advice."}