Tex. Ins. Code Section 3503.003
Designation of Agent by Corporate Surety Required

Notwithstanding Section 3503.002 (Execution of Obligation by Surety Company), in specifications by a municipality for work or supplies for which sealed bids are required, the municipality may require that a corporate surety tender designate, in a manner satisfactory to the municipality, an agent:

(1)

who is a resident of the county in which the municipality is located; and

(2)

to whom any required notices may be delivered and on whom process may be served in matters arising out of the suretyship.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.

Source: Section 3503.003 — Designation of Agent by Corporate Surety Required, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­3503.­htm#3503.­003 (accessed Apr. 29, 2024).

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Accessed:
Apr. 29, 2024

§ 3503.003’s source at texas​.gov