Texas Department of Licensing & Regulations Service Contract Providers FAQ

Great information from the Texas Department of Licensing & Regulations related to Service Contract providers.

This page includes the licensing process, provider search, difference between a Service Contract Provider, Service Contract Administrator, and Service Contract Seller. Plus the Financial Guarantee requirements for a provider and administrator:

A provider must submit proof of one of the following three forms of financial security:

• A Reimbursement Insurance policy with Texas endorsement;
• A funded reserve account, security deposit, and audited financial statements; OR
• Proof of net worth of at least $100 million.

Administrators are not subject to the financial security requirements.

Visit the Texas Department of Licensing & Regulations Service Contract Providers FAQ page for complete details.

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Tags: Texas Service Contract License