Title Insurance Agent’s/Direct Operations Bond
Title attorneys in the State of Texas are required by the Texas Department of Insurance to post surety bonds in varying amounts prior to conducting business in the state. The bond amount must be equal to 10% of the agent’s gross premium written in the latest statistical report and fall between $10,000 and $100,000. Title insurance agent/direct operation bonds and title attorney bonds in Texas ensure that principals (agents and attorneys) conduct business according to the provisions of the Texas Title Insurance Act. If the principal fails to conduct lawful business, the bond ensures that the principal will pay all amounts required.
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