Tex. Ins. Code § 3503.003

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 3503.003 - Designation of Agent By Corporate Surety Required

Notwithstanding Section 3503.002, in specifications by a municipality for work or supplies for which sealed bids are required, the municipality may require that a corporate surety tender designate, in a manner satisfactory to the municipality, an agent:

(1) who is a resident of the county in which the municipality is located; and

(2) to whom any required notices may be delivered and on whom process may be served in matters arising out of the suretyship.

Tex. Ins. Code § 3503.003

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 3, eff. 4/1/2007.