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AUTOMOBILE CLUB
SURETY BOND
Form #2602 Rev. 05/2019
Submit to:
SECRETARY OF STATE
Registrations Unit
P O Box 13193
Austin, TX 78711-3193
512-475-0775
512-475-2815 - Fax
Filing Fee: None.
PRINCIPAL/
AUTOMOBILE CLUB
N
ame:
Mailing Address City State Zip
BOND Number: Amount : Twenty-five thousand dollars ($25,000.00)
SURETY Name:
We, PRINCIPAL AND SURETY identified above, our heir s, executors, successors and assigns, jointly and
severally, are liable to the State of Texas, for the amount of the bond shown, in fa vor of the state and held
for the benefit of the state or a ny party injured by PRINCIPAL’s f ailure to f aithfully perform in selling or
providing automobile club services. SURETY acknowledges that it is duly authorized and qualified to do
business as a surety company in Texas.
This agreement is subject to the following terms and conditions:
The bond shall be maintained as long as PRINCIPAL has any liability or obligation in Texas.
This bond shall serve as the security required by S ection 722.004, Transportation Code, so that the secretary
of state may issue a certificate of registration to PRINCIPAL.
As a condition of SURETY’s obligation, PRINCIPAL shall faithfully perform in selling or providing club
services and in paying any fines or penalties levied against the automobile club f or failure to com ply with
the provisions of the Automobile Club Services Act, Transportation Code Chapter 722, as that statute is
presently worded, and as it may hereafter be amended to read; and all applicable rules and regulations of the
secretary of state adopted to carry out the provisions of said Act. Any party injured by PRINCIPAL’s
failure to meet the conditions of the bond may bring an action based on the bond and recover against the
bond.
The aggregate liability of SURETY for all breaches of bond conditions and for payment of all fines and
penalties may not exceed the amount of the bond.
Regardless of the number of years the bond continues in force or the num ber of premiums paid or payable,
the limit of SURETY’s liability stated in the bond shall not be cumulative from year to year or period to
period.
The bond shall be continuous until cancelled by SURETY, and cancellation by SURETY shall be upon
written notice to the secretary of state not later than the 60th day before the date of cancellation.
It is agreed that the bond shall be in full force and effect as of the following date:
Date:
Signature of authorized person for PRINCIPAL
Printed or typed name of authorized person for PRINCIPAL
Date:
Signature of authorized person for SURETY
Printed or typed name of authorized person for SURETY
Form 2602
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