Texas Automobile Club License Surety Bond
Automobile Clubs are governed by Chapter 722 of the Texas Transportation Code and authorize automobile club businesses to provide members accidental injury and death benefit insurance coverage through purchase of a group policy of insurance issued to the automobile club for the benefit of its members. The Texas Automobile Club Services Act requires an automobile club to post and maintain a $25,000.00 Automobile Club License Surety Bond as security for the license.
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