Each public insurance adjuster, as a condition for being licensed, must maintain proof of financial responsibility by obtaining a surety bond in the principal sum of not less than $10,000 that covers all the required perils and losses set forth under Insurance Code §4102.105, concerning Financial Responsibility.

Source Note: The provisions of this §19.705 adopted to be effective November 2, 2003, 28 TexReg 9274; amended to be effective June 19, 2023, 48 TexReg 3285