Texas Occupations Code

§ 402.404 — SURETY BONDING

OC § 402.404Title 3. HEALTH PROFESSIONS · Part G. PROFESSIONS RELATED TO HEARING, SPEECH, AND DYSLEXIA · Ch. 402. HEARING INSTRUMENT FITTERS AND DISPENSERS · Art. I. GENERAL BUSINESS REGULATIONS

Statute text

View on source

(a)A sole proprietor, partnership, corporation, or other legal entity engaged in the fitting and dispensing of hearing instruments shall file with the department security in a form provided by Subsection (b) in the amount of $10,000 and conditioned on the promise to pay all:

(1)taxes and contributions owed to the state and political subdivisions of the state by the entity; and

(2)judgments that the entity may be required to pay for:

(A)negligently or improperly dispensing hearing instruments; or

(B)breaching a contract relating to the dispensing of hearing instruments.

(b)The security may be a bond, a cash deposit, or another negotiable security acceptable to the department.

…

Legislative history

Acts 2015, 84th Leg., R.S., Ch. 838 (S.B. 202), Sec. 1.122, eff. September 1, 2015.