2202

Whenever by law or by rule of any court, public official, or public body, any surety bond, recognizance, obligation, stipulation or undertaking is required or is permitted to be given, any such bond, recognizance, obligation, stipulation, or undertaking which is otherwise proper and the conditions of which are guaranteed by an authorized surety insurer, or by an unauthorized surety insurer as a surplus line pursuant to §§ 1001–1020 of this title, shall be accepted and shall be deemed to fulfill all requirements as to number of sureties, residence, or status of sureties, and other similar requirements.\nHistory —Ins. Code § 22.020.