Public-domain · open source
OpenJurist

Tex. Occ. Code § 702.157

LIMIT ON LIABILITY OF SURETY OR OBLIGOR

Known as the Health Spa Act

The act spans §§ 702–702 (65 sections).

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

(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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.