Section 886.108 - Surety Bond(a) A local mutual aid association's officer responsible for the funds of the association shall file with the department a surety bond.(b) The surety bond must be: (1) executed by a surety company authorized to do business in this state;(2) satisfactory to the department; and(3) payable in an amount and conditioned as specified by Section 887.054.(c) This section does not apply to a local mutual aid association that:(1) has a total membership of 1,000 or fewer members;(2) charges $1 or less each for annual dues or assessments; and(3) charges $2.50 or less for a membership fee.(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.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.