The Texas Insurance Agency Bond is required by the Texas Department of Insurance.
The Department of Insurance requires that the Texas Insurance Agency Bond be in the amount of $25,000. However, when you purchase this bond, it will not cost that much. It is very affordable, at only $250 for the year.
The bond states that the bond holder shall discharge losses that result from any final judgment recovered against the bond holder by any customer. The money from this bond is payable to the Texas Department of Insurance for the use and benefit of any customer.