Texas Title Insurer Bond

TexasTexas recently enacted HB 4338, which requires title insurers to maintain “unencumbered assets� to provide a secure reserve for “contingencies�. Acceptable forms of security to fulfill this new requirement are surety bonds, cash/cash equivalents, assets (without a lien), real estate, in excess of any encumbrances; investments, certificates of deposit, stocks/bonds, or a letter of credit. The population of the county which the insurer’s principal office is established will determine the amount of assets to be maintained; this can range from $25,000 to $150,000.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>