{"data":{"id":"us-tx/tex.-insurance-code-886.108","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 886.108","heading":"SURETY BOND.","body":"(a) A local mutual aid association's officer responsible for the funds of the association shall file with the department a surety bond.\n(b) The surety bond must be:\n(1) executed by a surety company authorized to do business in this state;\n(2) satisfactory to the department; and\n(3) payable in an amount and conditioned as specified by Section 887.054.\n(c) This section does not apply to a local mutual aid association that:\n(1) has a total membership of 1,000 or fewer members;\n(2) charges $1 or less each for annual dues or assessments; and\n(3) charges $2.50 or less for a membership fee.\n(d) An association exempted under Subsection (c) shall file with the department a bond in the amount of $1,000 and conditioned as provided by Section 887.054.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 886. LOCAL MUTUAL AID ASSOCIATIONS","SUBCHAPTER C. POWERS AND DUTIES OF ASSOCIATION"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.886.htm#886.108","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"3303dc1cde2d9bd26f5b3f0a9d3df6bd25360bfcd2f00d55e6d82a733a9b3e8a","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-886.107","next":"us-tx/tex.-insurance-code-886.109"},"notice":"GroundRules: Original legal text. Not legal advice."}