Texas Title Insurance Agent/Direct Operation Bond is a type of surety bond required by the Texas Department of Insurance. It is a legally binding agreement between the bond issuer, also known as the surety, the principal (the title insurance agent or direct operation business) and the obliged, which is the State of Texas. The purpose of this bond is to guarantee that the principal will comply with all relevant laws and regulations pertaining to the title insurance agent or direct operation of title insurance business in Texas. There are two types of Texas Title Insurance Agent/Direct Operation Bonds: Escrow Agent Bond and Direct Operation Bond. The Escrow Agent Bond guarantees the faithful performance of the escrow agent’s duties, and the Direct Operation Bond guarantees the principal’s compliance with all applicable laws and regulations pertaining to the direct operation of title insurance business. The amount of the bond requirement will vary and is usually determined by the Texas Department of Insurance.
Texas Title Insurance Agent/Direct Operation Bond
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