Tex. Transp. Code Section 686.002
Requirement of Financial Responsibility for Valet Parking Services

A person may not operate a valet parking service unless financial responsibility for each employee who operates a motor vehicle for the service is established through:

(1)

a motor vehicle liability or comprehensive general liability and garage insurance policy in an amount established by Section 686.004 (Minimum Coverage Amounts);

(2)

a surety bond filed under Section 601.121 (Surety Bond); or

(3)

a deposit in the amount of $450,000 under Section 601.122 (Deposit of Cash or Securities with Comptroller), notwithstanding any other amount prescribed by that section.
Added by Acts 2003, 78th Leg., ch. 816, Sec. 23.002, eff. March 1, 2004.

Source: Section 686.002 — Requirement of Financial Responsibility for Valet Parking Services, https://statutes.­capitol.­texas.­gov/Docs/TN/htm/TN.­686.­htm#686.­002 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 686.002’s source at texas​.gov