Tex. Occ. Code § 702.157

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 702.157 - Limit on Liability of Surety or Obligor
(a) The limit of a surety's or obligor's liability stated in the security filed or posted under this subchapter may not be cumulative from year to year or period to period, regardless of the number of:
(1) years that the security continues in force; or
(2) premiums paid or payable.
(b) The liability of a surety or obligor is exclusively conditioned on a final administrative order issued by the secretary of state.
(c) Security filed or posted under this subchapter is subject to a claim only as provided by this subchapter.

Tex. Occ. Code § 702.157

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.