Texas Occupations Code

§ 702.157 — LIMIT ON LIABILITY OF SURETY OR OBLIGOR

OC § 702.157Title 3. HEALTH PROFESSIONS · Part M. REGULATION OF OTHER HEALTH PROFESSIONS · Ch. 702. HEALTH SPAS · Art. D. SECURITY REQUIREMENTS

Statute text

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(a)The limit of a surety's or obligor's liability stated in the security filed or posted under this subchapter may not be cumulative from year to year or period to period, regardless of the number of:

(1)years that the security continues in force; or

(2)premiums paid or payable.

(b)The liability of a surety or obligor is exclusively conditioned on a final administrative order issued by the secretary of state.

(c)Security filed or posted under this subchapter is subject to a claim only as provided by this subchapter.

Legislative history

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.