{"data":{"id":"us-tx/tex.-insurance-code-3503.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 3503.051","heading":"DEFINITIONS.","body":"In this subchapter:\n(1) \"Claimant\" means a person directly entitled to payment under a construction payment bond.\n(2) \"Construction payment bond\" means a surety agreement or obligation issued to guarantee or assure payment by a principal obligor for work performed or materials supplied or specially fabricated for a public or private construction project.\n(3) \"Notice of claim\" means a written notification by a claimant who makes a claim for payment from the surety company. The term does not include a routine statutory notice required by Section 53.056 or 53.057, Property Code, or Section 2253.047, Government Code.\n(4) \"Surety company\" means an authorized surety or guaranty company that executes and delivers a construction payment bond as a surety for a principal obligor.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.\nAmended by:\nActs 2021, 87th Leg., R.S., Ch. 690 (H.B. 2237), Sec. 1, eff. January 1, 2022.","path":["INSURANCE CODE","TITLE 12. OTHER COVERAGE","CHAPTER 3503. SURETY BONDS AND RELATED INSTRUMENTS","SUBCHAPTER B. PROMPT PAYMENT OF CONSTRUCTION PAYMENT BONDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.3503.htm#3503.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"1eb0d3b910e029b6a3d3ae2a8e430c87b02334f09a00de97e152fb6825efcd5d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-3503.005","next":"us-tx/tex.-insurance-code-3503.052"},"notice":"GroundRules: Original legal text. Not legal advice."}