The Texas Department of State Health Services requires the Texas Subscription Program Bond.
Emergency Medical Service Providers must have the Texas Subscription Program Bond. The bond amount will be “the amount of sums to be subscribed before soliciting subscriptions and creating and operating a subscription program” according to Texas Health and Safety Code.
The Texas Subscription Program Bond states that the bond holder will faithfully create and operate the subscription program. In the event of the bond holder’s cessation of business, the bond holder will return all unused or unearned subscription fees or dues to subscribers in accordance with the Emergency Medical Services Act.
The Texas Subscription Program Bond’s purpose is to protect the public from financial harm done to them by your company. It ensures your company properly compensates those it wrongs. This bond is not insurance for your company. It serves as a form of consumer protection.