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  1. confusion27
    confusion27 is offline Junior Member
    Join Date
    Jan 2006
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    1

    claims on a title company's surety bond

    Under Texas law, must a title company (involved in fraud, dishonesty and various breaches of fiducary duties) be insolvent for a party to make a claim on the title company's surety bond?

    Thanks in advance!
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  2. Riskwriter
    Riskwriter is offline Administrator
    Join Date
    Jan 2005
    Posts
    54

    No.
    Anyone can make a [U]valid claim under a bond at any time while the bond is in force. It does not matter if the corporation is insolvent or not.
    Surety Bonds for all classes of business.
    JW BOND CONSULTANTS, INC.
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