Due to a new Texas law referred to as HB 4341, discount medical health programs are now required to post a $50,000 surety bond. Any insurers that already have a certificate of authority under existing law would be exempt from this new requirement. The new law directs the Insurance Department to determine the specifics of the law. This new requirement will be effective on April 1, 2010.
Eric is the Chief Marketing Officer of JW Surety Bonds. With years of experience in the surety industry, he is also a contributing author to the surety bond blog. He has held a range of different roles within the surety industry, from agent assistant to bond issuer, which gives him a unique insider perspective on surety related topics.