If you’re applying for a Texas resident agency, you’ll need to provide proof of financial responsibility in the form of a bond or an Errors & Omissions policy.
Bonds
A bond in the principal sum of $25,000. The name on the bond must match the entity’s full legal name from the Texas Secretary of State registration.
Errors and Omissions policies
A $250,000 Errors & Omissions policy, with a deductible of not more than 10% of the full amount of the policy.
The name on the E&O policy must match the entity’s full legal name from the Texas Secretary of State Registration.