Texas Transportation Code

§ 601.168 — INSURANCE POLICY OR BOND; LIMITS

TN § 601.168Title 7. VEHICLES AND TRAFFIC · Part D. MOTOR VEHICLE SAFETY RESPONSIBILITY · Ch. 601. MOTOR VEHICLE SAFETY RESPONSIBILITY ACT · Art. F. SECURITY FOLLOWING COLLISION

Statute text

View on source

(a)A bond or motor vehicle liability insurance policy under this subchapter must:

(1)be issued by a surety company or insurance company:

(A)authorized to write motor vehicle liability insurance in this state; or

(B)that complies with Subsection (b); and

(2)cover the amounts, excluding interest and costs, required to establish financial responsibility under Section 601.072.

(b)A bond or motor vehicle liability insurance policy issued by a surety company or insurance company that is not authorized to do business in this state is effective under this subchapter only if:

…

Legislative history

Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 84, eff. September 1, 2023.