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Texas Discount Health Care Card Program Operator Bond

How much does a discount health care card program operator bond cost in Texas?

The Texas Department of Licensing and Regulation mandates that all discount health care card program operators post $50,000 surety bonds.

These bonds are subject to underwriting, so the price you’ll pay depends on a review of your personal credit report. Our surety experts work hard to get you bonded quickly and for the lowest rate possible regardless of your credit situation. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Discount Health Care Card Program Operator Bond $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

We can provide you with a free, personalized bond quote within 1 business day of receiving your application. Call 1 (800) 308-4358 or click here to get started.

Why do I need this bond?

Discount health care card program operator bonds ensure that principals (program operators) comply with all of the rules and regulations put in place by the state. Specifically, program operators are expected to adhere to the provisions of Chapter 51, Subchapter F of the Texas Occupations Code and the rules adopted by the Texas Commission of Licensing and Regulation. Unfair or deceptive acts described in this law include:

  • misrepresenting price ranges for discounts
  • misrepresenting size or location of program’s network of providers
  • failing to register or renew registration and continuing to conduct business
  • misrepresenting discount health care card programs as a federally approved Medicare program
  • using the term “insurance” for the discounted health care product
  • and more

If the principal violates any part of the bond agreement and consumers are harmed as a result, the surety will cover all damages up to the full penal sum of the bond. The principal, in turn, must reimburse the surety for all damages paid out.

Click here to connect with our team of expert surety specialists who will walk you through each step of our fast and easy bonding process!

What’s the fine print?

Texas discount health care card program operator surety bonds remain in full force and effect for the time period the principal is registered as an operator unless earlier terminated. The surety can cancel the bond at any time by giving written notice of cancellation to the Texas Department of Licensing and Regulation at least 30 days prior to the effective termination date.

How to become a discount health care card program operator in Texas

Discount health care card program operators must register with the Texas Department of Insurance before they start conducting business. The following materials must be submitted for licensure:

  • initial registration form
  • biographical certificates
  • $50,000 surety bond
  • copy of the form of all contracts made or to be made between the program operator and any providers or provider networks

Additionally, the operator must provide a list of the marketers authorized to distribute the operator’s program cards via email to the Texas Department of Insurance.

Take the first step toward becoming licensed in Texas by purchasing the surety bond you need quickly, easily and accurately! Our experts are here to do all of the hard work for you.

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Get a FREE Discount Health Care Card Program Operator Bond Quote Today!

Texas Department of Insurance Discount Health Care Program Operator Information

Texas Department of Insurance Agent/Adjuster Forms

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