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. 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.

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