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Rule §539.82 Security

Published: 2015

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Each residential service company licensed by the Commission
shall maintain a security in the amount required by Subchapter D of
the Act. Each residential service company shall confirm, by February
1 of each year, that the security required by §1303.154(b) of
the Act is sufficient based on the amount of claims the residential
service company paid in this state during the preceding calendar year.
If the required amount of security is not sufficient, the residential
service company shall take immediate steps to increase the amount
of its security to meet the minimum security required and shall give
the Commission written notice of the increase and documentation evidencing
the increase.