Tex. Occupations Code § 702.157
This is the official text of Tex. Occupations Code § 702.157, part of Texas’s Occupations Code — governs professional and occupational licensing.
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§ 702.157. LIMIT ON LIABILITY OF SURETY OR OBLIGOR.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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