Texas Administrative Code
Title 1 - ADMINISTRATION
Part 4 - OFFICE OF THE SECRETARY OF STATE
Chapter 78 - ATHLETE AGENTS
Subchapter B - SURETY BONDS AND AFFIDAVITS
Section 78.51 - Required Surety Bonds
Universal Citation: 1 TX Admin Code § 78.51
Current through Reg. 50, No. 13; March 28, 2025
(a) As a condition of registration, an athlete agent must deposit a surety bond with the Secretary of State in the amount of $50,000 as required by Occupations Code, § 2051.151(a). See Form 2504.
(b) As a condition of registration, an athlete agent providing financial services must deposit a surety bond with the Secretary of State in the amount of $100,000 as required by Occupations Code, § 2051.151(a-1). See Form 2503.
(c) A surety bond deposited with the Secretary of State to satisfy subsection (a) or (b) of this section must conform to the Insurance Code and be issued by a surety company authorized to do business as a surety in this state.
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