Sec. 1001.209. BOND REQUIREMENTS: DRIVING SAFETY PROVIDER. (a) Before a license may be issued to a driving safety provider, the provider must provide a corporate surety bond in the amount of $10,000. (b) A bond issued under Subsection (a) must be: (1) issued by a company authorized to do business in this state; (2) payable to the department to be used: (A) for payment of a refund due a student of the provider's approved driving safety courses; (B) to cover the payment of unpaid fees or penalties assessed by the executive director or the commission; or (C) to recover any cost associated with providing course completion certificate numbers, including the cancellation of certificate numbers; (3) conditioned on the compliance of the provider and its officers, agents, and employees with this chapter and rules adopted under this chapter; and (4) issued for a period corresponding to the term of the license.
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