Texas Insurance Code Chapter 3503, Surety Bonds and Related Instruments, complete
Subchapters A-E, Secs. 3503.001-3503.204
Edition and licensing notes
Publisher. Texas Legislative Council (statutes.capitol.texas.gov; document host tcss.legis.texas.gov)
Edition. Texas Insurance Code, official text. Publisher's own currency statement, re-fetched from https://tcss.legis.texas.gov/api/GetProperty/StatutesCurrentMsg on 2026-09-18 (HTTP 200, 229 bytes) and identical to the one recorded for the Texas statutes ingested earlier: "The statutes available on this website are current through the 89th 2nd Called Legislative Session, 2025. The constitutional provisions found on this website are current through the amendments approved by voters in November 2025."
Status. US state statute; public domain.
What this document is
Texas Insurance Code Chapter 3503, Surety Bonds and Related Instruments, complete: Subchapters A-E, Secs. 3503.001-3503.204 is a state statute published by Texas Legislative Council (statutes.capitol.texas.gov; document host tcss.legis.texas.gov). It is one of the Texas documents that insurance license exam questions are written from, including texas property & casualty, texas claims adjuster practice questions. This page summarizes it and points to the official version, which is the text to rely on.
Sections cited in practice questions
Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.
- Tex. Ins. Code § 3503.002(b) (Execution of Obligation by Surety Company)
“(b) Except as provided by Section 3503.004 or 3503.005, the execution of an obligation by a surety company under Subsection (a) is in full compliance with each law, charter, ordinance, or rule that requires: (1) the obligation to be executed by one or more sureties; or (2) the executing sureties to...”
- Tex. Ins. Code § 3503.051 (Definitions)
“Sec. 3503.051. DEFINITIONS. In this subchapter: (1) "Claimant" means a person directly entitled to payment under a construction payment bond. (2) "Construction payment bond" means a surety agreement or obligation issued to guarantee or assure payment by a principal obligor for work performed or...”
- Tex. Ins. Code § 3503.054(a) (Notice of Claim; Acknowledgment and Investigation)
“Sec. 3503.054. NOTICE OF CLAIM; ACKNOWLEDGMENT AND INVESTIGATION. (a) A surety company that issues a construction payment bond shall, not later than the 15th day after the date of receipt of notice of claim under the bond: (1) acknowledge receipt of the claim; (2) begin any review or investigation...”
- Tex. Ins. Code § 3503.055(e) (Notice of Acceptance or Rejection of Claim)
“(e) In addition to any other contractual or statutory basis for denying a claim, the surety company may reject all or part of a claim: (1) that is the subject of a legitimate dispute between the principal obligor and the claimant; or (2) for which the claimant has failed to provide supporting...”
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More Texas sources
- Texas Government Code ch. 2001 -- Administrative Procedure Act, complete (Secs. 2001.001-2001.903)State statute
- Texas Government Code Chapter 2253, Public Work Performance and Payment Bonds, complete: Subchapters A-D, Secs. 2253.001-2253.079State statute
- Tex. Ins. Code ch. 541: Unfair methods of competition and unfair or deceptive acts or practicesState statute
- Tex. Ins. Code ch. 1101: Life insurance required and prohibited policy provisionsState statute
- Tex. Ins. Code ch. 4001: Agent licensing in generalState statute
- Tex. Ins. Code ch. 4005: Conduct, disciplinary actions, and sanctionsState statute
- Tex. Ins. Code ch. 1201: Accident and health insurance policy provisionsState statute
- Texas Insurance Code Chapter 151, Consolidated Insurance Programs, complete: Subchapters A-D, Secs. 151.001-151.151State statute