Texas Insurance Code 3503.202 – Unearned Premium Reserve for Bail Bond Not Required
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Terms Used In Texas Insurance Code 3503.202
- Bail: Security given for the release of a criminal defendant or witness from legal custody (usually in the form of money) to secure his/her appearance on the day and time appointed.
A surety company is not required to maintain an unearned premium reserve for a bail bond, as defined by § 1704.001, Occupations Code, executed or delivered by the company.