Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 105 - SOLICITATIONS
Subchapter C - TELEPHONE SOLICITATIONS
Section 105.207 - Bond Payout Procedures
Universal Citation: 1 TX Admin Code ยง 105.207
Current through Reg. 49, No. 38; September 20, 2024
If the amount claimed exceeds the amount of the bond, the surety shall deposit the amount of the bond with the secretary of state for distribution to claimants entitled to recovery. The secretary of state shall pay the claims on a pro rata basis by dividing the amount of the security by the total amount of the claims, in order to determine a percentage to be applied to each claim.
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