Section 407A.057 - Additional Performance Bond Requirements(a) In addition to the requirements under Section 407A.051, the commissioner may require a service company providing claim services to furnish a performance bond of $250,000 in the form prescribed by the commissioner.(b) In lieu of a performance bond under Subsection (a), a security deposit of cash or securities acceptable to the commissioner may be deposited with the commissioner to be held in the state treasury.Tex. Lab. Code § 407A.057
Amended By Acts 2005, 79th Leg., Ch. 1055, Sec. 3, eff. 9/1/2005.