Form Fint122 - Texas Title Insurance Agent/direct Operation Bond Form - Texas Department Of Insurance
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1FINT122 | 0316
TEXAS TITLE INSURANCE AGENT/DIRECT OPERATION BOND
Bond No: ________________________
KNOW ALL PERSONS BY THESE PRESENTS:
THAT WE ______________________________________________________________________________________
TITLE AGENCY FULL LEGAL NAME, INCLUDING DBA
as Principal, whose Texas physical address is ___________________________________________________________
and ______________________________________________________as Surety, being a surety company authorized
to do business in the State of Texas, are held and firmly bound unto the Texas Department of Insurance in the sum of
$ _____________________ (bond amount determined by §2651.101 of the Texas Insurance Code), payable to said
Department for the use and benefit of any injured party, lawful money of the United States for the payment of which
well and truly to be made, we, jointly and severally by these presents, do firmly bind ourselves, our heirs, executors,
administrators, successors and assigns.
The conditions of the above obligations are such that:
WHEREAS the above named Principal has made application to the Texas Department of Insurance for a license
as a Title Insurance Agent/Direct Operation to engage in or continue in the business of a Title Insurance
Agent/Direct Operation, in accordance with the provisions of "The Texas Title Insurance Act" of The State of
Texas.
NOW, THEREFORE, if the Principal shall pay to the Texas Department of Insurance such pecuniary losses as
may result to any participant in an insured real estate transaction which shall be sustained through acts of
fraud, dishonesty, theft, embezzlement, or willful misapplication on the part of said Principal then this
obligation shall be void, otherwise to remain in full force and effect, subject to the following conditions:
1. It is agreed that as of _______________________, 20 ____ this bond shall be in full force and effect
indefinitely and that a continuation or renewal certificate is unnecessary.
2. The surety may at any time cancel this bond by giving thirty (30) days written notice to the Texas
Department of Insurance, the surety, however, remaining liable for any defaults under this bond
committed prior to the expiration of such thirty-day period.
3. In no event shall the aggregate liability of the Surety under this bond for any and all damages to one or
more claimants exceed the penal sum of this bond.
IN WITNESS WHEREOF said Principal and Surety have executed this bond
this ___ day of ________________, 20____ to be effective on the ____ day of _________________, 20____.
_________________________________________
PRINCIPAL
By: ______________________________________
Address: __________________________________
_________________________________________
SURETY
____________________________________
By: ______________________________________
Local Recording Agent
Attorney-in-Fact
Texas Department of Insurance |
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