Occupations Code › Title 3 › Chapter 702 › Subchapter D

Texas Occupations Code § 702.157

Limit on Liability of Surety or Obligor

Health Spas · Security Requirements

(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.

Official text of the Texas Occupations Code as published by the Texas Legislative Council.

Official source
Legislative history

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