Texas Transportation Code 686.002 – Requirement of Financial Responsibility for Valet Parking Services
Current as of: 2024 | Check for updates
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Terms Used In Texas Transportation Code 686.002
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
A person may not operate a valet parking service unless financial responsibility for each employee who operates a motor vehicle for the service is established through:
(1) a motor vehicle liability or comprehensive general liability and garage insurance policy in an amount established by § 686.004;
(2) a surety bond filed under § 601.121; or
(3) a deposit in the amount of $450,000 under § 601.122, notwithstanding any other amount prescribed by that section.