reglab/housing_qa huggingface dataset:
TX Ins Code § 3503.052 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.052. Construction of Subchapter

Sec. 3503.052.  CONSTRUCTION OF SUBCHAPTER.  (a)  This subchapter shall be construed to encourage prompt payment of just claims made under construction payment bonds of surety companies.  This subchapter does not foreclose any other remedy available to a claimant by law or contract.(b)  This subchapter may not be construed to:(1)  create a private cause of action;(2)  be a precondition to judicially enforcing an obligation under a construction payment bond;(3)  diminish any other obligation of a surety company that exists by law; or(4)  prohibit a surety company from asserting a defense against a construction payment bond claim in a proceeding to enforce a claim.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.053 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.053. Certain Terms Void

Sec. 3503.053.  CERTAIN TERMS VOID.  A term contained in a construction payment bond that is inconsistent with this subchapter is void.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.054 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.054. Notice of Claim; Acknowledgment and Investigation

Sec. 3503.054.  NOTICE OF CLAIM; ACKNOWLEDGMENT AND INVESTIGATION.  (a)  A surety company that issues a construction payment bond shall, not later than the 15th day after the date of receipt of notice of claim under the bond:(1)  acknowledge receipt of the claim;(2)  begin any review or investigation necessary to determine whether the surety company is obligated to satisfy the claim under the bond; and(3)  request from the claimant each document, item of information, accounting, statement, or form that the surety company reasonably believes, at that time, will be required from the claimant.(b)  If a construction payment bond provides an address to which a notice of claim under the bond should be submitted, the notice is effective on the date the notice is received at that address.(c)  This subchapter does not exempt a claimant from complying with any applicable statutory or contractual notice requirement.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.055 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.055. Notice of Acceptance or Rejection of Claim

Sec. 3503.055.  NOTICE OF ACCEPTANCE OR REJECTION OF CLAIM.  (a)  Except as provided by Subsection (c), a surety company shall notify a claimant in writing of the acceptance or rejection of a claim not later than the 30th day after the date the company receives all documents, items of information, accountings, statements, and forms requested by the company under Section 3503.054.(b)  If the surety company rejects all or part of the claim, the notice required by Subsection (a) must state in specific terms the reasons for the rejection that are known by the company at the time of the rejection.(c)  If the surety company is unable to accept or reject the claim within the period specified by Subsection (a), the company, in that same period, shall notify the claimant in writing that the company is unable to accept or reject the claim.  The notice provided under this subsection must:(1)  state the reasons for which the company needs additional time to accept or reject the claim; and(2)  include a request for any additional information the company reasonably needs to process the claim.(d)  Not later than the 30th day after the date a surety company notifies a claimant under Subsection (c), the company shall notify the claimant in writing of the acceptance or rejection of the claim.  If the company rejects all or part of the claim, the company shall state in specific terms the reasons for the rejection that are known by the company at the time of the rejection.(e)  In addition to any other contractual or statutory basis for denying a claim, the surety company may reject all or part of a claim:(1)  that is the subject of a legitimate dispute between the principal obligor and the claimant; or(2)  for which the claimant has failed to provide supporting documents or information the company reasonably requested.(f)  The time limits provided by this section and Section 3503.054 may be varied by any statute requiring a construction payment bond.(g)  This section does not preclude a surety company from asserting any defense in an action brought by a claimant on a construction payment bond if the company makes a good faith effort to inform the claimant in accordance with this section of the reasons for rejecting all or part of the claim.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.056 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.056. Payment of Claim

Sec. 3503.056.  PAYMENT OF CLAIM.  (a)  If a surety company notifies a claimant under Section 3503.055 that the company accepts a claim or part of a claim, the company shall pay the claim not later than the 15th day after the date of the notice.(b)  If payment of the claim or part of the claim is conditioned on the execution of a document or performance of an act by the claimant, the surety company shall pay the claim not later than the seventh day after the date the company receives the executed document or evidence that the act has been performed.(c)  For purposes of this section, payment of a claim occurs when the surety company places the company's check or draft in the United States mail properly addressed to the claimant or the claimant's representative.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.057 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter B. Prompt Payment of Construction Payment Bonds|Section 3503.057. Rules

Sec. 3503.057.  RULES.  The commissioner may adopt rules enforcing this subchapter in cases in which a surety company violates this subchapter as a general business practice.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.101 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter C. Other Bonds|Section 3503.101. Bail Bond Certificates

Sec. 3503.101.  BAIL BOND CERTIFICATES.  (a)  In any year, an insurance company authorized to engage in fidelity and surety insurance business in this state may become surety in an amount not to exceed $200 with respect to each bail bond certificate issued in that year by:(1)  an automobile club authorized to transact business in this state; or(2)  a truck and bus association incorporated in this state.(b)  The bail bond certificate must be a printed card or other certificate that:(1)  is issued by:(A)  an automobile club authorized to transact business within this state; or(B)  a truck and bus association incorporated in this state;(2)  is issued to a member of the club or association and signed by the member of the club or association; and(3)  contains a printed statement that:(A)  a fidelity and surety company authorized to engage in business in this state guarantees the appearance of the member whose signature appears on the card or certificate; and(B)  if the member fails to appear in court at the time of trial, the fidelity and surety company will pay any fine or forfeiture imposed on the member in an amount not to exceed $200.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.151 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter D. Suit on Certain Bonds or Other Obligations|Section 3503.151. Venue of Suit on Certain Bonds or Other Obligations

Sec. 3503.151.  VENUE OF SUIT ON CERTAIN BONDS OR OTHER OBLIGATIONS.  (a)  This section applies to:(1)  a bond or other obligation of an insurance company authorized to engage in business in this state and to act as surety and guarantor of the fidelity of employees, trustees, executors, administrators, guardians, or others appointed to, or assuming the performance of, any public or private trust under appointment of a court or tribunal, or under contract between private individuals or corporations; or(2)  a bond that may be required:(A)  to be filed in a judicial proceeding;(B)  to guarantee a contract or undertaking between:(i)  individuals;(ii)  private corporations;(iii)  individuals and corporations; or(iv)  individuals or private corporations and the state, a municipal corporation, or a county; or(C)  of a state, county, municipal, or district official, including a school district official.(b)  A proper court in the county in which a bond or other obligation described by Subsection (a) is filed has jurisdiction of a suit instituted on the bond or obligation.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.152 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter D. Suit on Certain Bonds or Other Obligations|Section 3503.152. Residence of Insurance Company

Sec. 3503.152.  RESIDENCE OF INSURANCE COMPANY.  An insurance company described by Section 3503.151 is a resident of a county in which the company engages in business.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.153 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter D. Suit on Certain Bonds or Other Obligations|Section 3503.153. Service of Process

Sec. 3503.153.  SERVICE OF PROCESS.  In a suit described by Section 3503.151, process shall be served in accordance with Sections 804.003, 804.101, 804.102, 804.103, 804.201, 804.202, 804.203(a), (c), and (d), and 804.204, as applicable.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.154 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter D. Suit on Certain Bonds or Other Obligations|Section 3503.154. Acceptance of Subchapter

Sec. 3503.154.  ACCEPTANCE OF SUBCHAPTER.  The doing or performance of any business in any county is considered an acceptance of the provisions of this subchapter.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.201 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter E. Regulation of Surety Company|Section 3503.201. Merger or Consolidation of Certain Companies

Sec. 3503.201.  MERGER OR CONSOLIDATION OF CERTAIN COMPANIES.  When two or more companies authorized to write fidelity, guaranty, and surety insurance in this state merge or consolidate and, incident to the merger or consolidation, enter into a total reinsurance contract under which the merged or ceding company is dissolved and that company's assets are acquired and liabilities are assumed by the new or surviving company, the commissioner, on finding that the contracting companies have on deposit with the comptroller two or more deposits made for the same or similar purposes under former Article 7.03, repealed by Chapter 388, Acts of the 55th Legislature, Regular Session, 1957, or under Section 861.252, shall authorize the comptroller to:(1)  retain for a single purpose only the deposit of the greatest amount and value; and(2)  permit the new or surviving company, on proper showing that there is duplication of deposits and that the new or surviving company is the owner of those deposits, to withdraw a duplicate or excessive deposit.|Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.|
TX Ins Code § 3503.202 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter E. Regulation of Surety Company|Section 3503.202. Unearned Premium Reserve for Bail Bond Not Required

Sec. 3503.202.  UNEARNED PREMIUM RESERVE FOR BAIL BOND NOT REQUIRED.  A surety company is not required to maintain an unearned premium reserve for a bail bond, as defined by Section 1704.001, Occupations Code, executed or delivered by the company.|Added by Acts 2013, 83rd Leg., R.S., Ch. 896 (H.B. 1047), Sec. 2, eff. September 1, 2013.|
TX Ins Code § 3503.203 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter E. Regulation of Surety Company|Section 3503.203. Direct Written Premium Calculation

Sec. 3503.203.  DIRECT WRITTEN PREMIUM CALCULATION.  Direct written premium reported by a surety company in a financial statement filed with the department may be calculated excluding any premiums or service fees retained by a bail bond surety licensed under Chapter 1704, Occupations Code, or by a property and casualty agent in connection with the execution or delivery of a bail bond as defined by Section 1704.001, Occupations Code.|Added by Acts 2013, 83rd Leg., R.S., Ch. 896 (H.B. 1047), Sec. 2, eff. September 1, 2013.|
TX Ins Code § 3503.204 (2021)
2021 Texas Statutes|Insurance Code|Title 12 - Other Coverage|Chapter 3503 - Surety Bonds and Related Instruments|Subchapter E. Regulation of Surety Company|Section 3503.204. Disclosure Requirements

Sec. 3503.204.  DISCLOSURE REQUIREMENTS.  A surety company that executes or delivers in this state a bail bond as defined by Section 1704.001, Occupations Code, shall disclose in the company's financial statement filed with the department the aggregate amount of:(1)  gross premium for bail bond business reported in the company's surety line of business;(2)  premium or service fees retained by the bail bond surety or agent; and(3)  premium for bail bond business received by the company, net of amounts retained by the bail bond surety or agent.|Added by Acts 2013, 83rd Leg., R.S., Ch. 896 (H.B. 1047), Sec. 2, eff. September 1, 2013.|
TX Ins Code § 4003.001 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.001. License Expiration

Sec. 4003.001.  LICENSE EXPIRATION.  (a)  Unless a staggered renewal system is adopted under Section 4003.002, each license issued or renewed by the department under Chapter 981 or Subtitle A, B, or C and not suspended or revoked by the commissioner expires on:(1)  the second anniversary of the date the license is issued to or renewed by a person that is not an individual; or(2)  except as provided in Subsection (c):(A)  for a license issued or renewed in an even-numbered year, the individual license holder's birthday each even-numbered year; or(B)  for a license issued or renewed in an odd-numbered year, the individual license holder's birthday each odd-numbered year.(b)  The commissioner by rule may change the two-year expiration period if the commissioner determines that the change is necessary to promote uniformity of license periods of this state with those of other states.(c)  If a person holds more than one license, all licenses issued to the person expire on the earliest expiration date of the licenses held.  Thereafter, all licenses expire in accordance with Subsection (a).(d)  Notwithstanding Section 4003.002(b), the commissioner may not prorate the initial application fee for a license based on the expiration period of the license under Subsection (c).|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1172 (S.B. 876), Sec. 3, eff. September 1, 2015.|
TX Ins Code § 4003.002 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.002. Staggered Renewal System

Sec. 4003.002.  STAGGERED RENEWAL SYSTEM.  (a)  The commissioner by rule may adopt a system under which licenses expire on various dates during a licensing period.(b)  For the licensing period in which the license expiration is changed, license fees shall be prorated so that each license holder pays only that portion of the license fee allocable to the period during which the license is valid.  On renewal of the license on the new expiration date, the total renewal fee is payable.(c)  The commissioner shall adopt a system under which a person who holds more than one license may renew all the licenses held in a single process.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.003 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.003. Notice of License Expiration

Sec. 4003.003.  NOTICE OF LICENSE EXPIRATION.  Not later than the 30th day before the date a person's license expires, the department shall send written notice of the impending license expiration to the person at the person's last known mailing address according to the department's records.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.004 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.004. Procedure for Renewal of License

Sec. 4003.004.  PROCEDURE FOR RENEWAL OF LICENSE.  (a)  A person may renew an unexpired license by:(1)  filing a properly completed renewal application with the department in the form prescribed by the department;  and(2)  paying to the department the required renewal fee in an amount set by the department.(b)  A person may not renew a license that has been suspended or revoked.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.005 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.005. Renewal Fee Nonrefundable

Sec. 4003.005.  RENEWAL FEE NONREFUNDABLE.  A renewal fee paid under this chapter is nonrefundable.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.006 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.006. Continuation of Original License

Sec. 4003.006.  CONTINUATION OF ORIGINAL LICENSE.  The original license of a person who has applied for license renewal in compliance with Section 4003.004 remains in effect from the date the renewal application is filed until the date:(1)  the department issues the renewal license;(2)  the license is not renewed under Section 4004.055; or(3)  the commissioner issues an order revoking the license.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1172 (S.B. 876), Sec. 4, eff. September 1, 2015.|
TX Ins Code § 4003.007 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.007. Renewal of Expired License

Sec. 4003.007.  RENEWAL OF EXPIRED LICENSE.  (a)  A person whose license has been expired for 90 days or less may renew the license by:(1)  filing a renewal application with the department in the form prescribed by the department;  and(2)  paying to the department:(A)  the required renewal fee;  and(B)  an additional fee equal to one-half of the required renewal fee.(b)  A person whose license has been expired for more than 90 days but less than one year may not renew the license.  The person may obtain a new license without taking the applicable examination by:(1)  filing a new application with the department;  and(2)  paying to the department:(A)  the license fee;  and(B)  an additional fee equal to one-half of the license fee.(c)  A person whose license has been expired for one year or more may not renew the license.  The person may obtain a new license by:(1)  submitting to reexamination, if examination is required for original issuance of the license;  and(2)  complying with the other requirements and procedures for obtaining an original license.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.008 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.008. Renewal of Expired License by Out-of-State Agent

Sec. 4003.008.  RENEWAL OF EXPIRED LICENSE BY OUT-OF-STATE AGENT.  (a)  The department may renew without reexamination an expired license of a person who was licensed in this state, moved to another state, and is currently licensed and has been in continual practice in the other state preceding the date of the application.(b)  The person must pay to the department a fee equal to the license application fee.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.Amended by: Acts 2015, 84th Leg., R.S., Ch. 1172 (S.B. 876), Sec. 5, eff. September 1, 2015.|
TX Ins Code § 4003.009 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.009. Interstate Move by Agent

Sec. 4003.009.  INTERSTATE MOVE BY AGENT.  (a)  Not later than the 30th day after moving from one state to another state, an agent licensed in this state shall file with the department:(1)  the agent's new address;  and(2)  proof of authorization to engage in the business of insurance in the new state of residence.(b)  The department may not charge a fee or require a license application under this section.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4003.010 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4003 - License Expiration and Renewal|Section 4003.010. Chapter Not Applicable to Third-Party Administrators

Sec. 4003.010.  CHAPTER NOT APPLICABLE TO THIRD-PARTY ADMINISTRATORS.  This chapter does not apply to a certificate of authority issued under Chapter 4151.|Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.|
TX Ins Code § 4007.001 (2021)
2021 Texas Statutes|Insurance Code|Title 13 - Regulation of Professionals|Subtitle A - General Provisions|Chapter 4007 - Notice to Department by Certain Property and Casualty Insurance Companies Regarding Agents|Section 4007.001. Applicability of Chapter

Sec. 4007.001.  APPLICABILITY OF CHAPTER.  This chapter applies only to an insurance company authorized to engage in the business of insurance in this state under:(1)  a provision of:(A)  Chapter 5, 1805, or 2171; or(B)  Subtitle B, C, D, E, F, H, or I, Title 10; or(2)  Chapter 861, 862, 883, 911, 912, 941, 942, 984, or 3503.|Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1I.001, eff. April 1, 2009.|