(a) Except as provided by Subsection (b), the county clerk shall execute one or more surety bonds in accordance with this section to cover each deputy clerk or other employee. The county clerk shall execute:
(1) an individual bond for each deputy clerk and other employee in an amount for each bond that is equal to the county clerk’s bond; or
(2) a schedule surety bond or a blanket surety bond to cover all deputy clerks and all other employees in a total amount that is equal to the county clerk’s bond.
(b) In lieu of a clerk obtaining a bond as required by Subsection (a), the county may self-insure against losses that would have been covered by the bond.

(c) A bond covering a deputy clerk or other employee must be conditioned in the same manner as the county clerk’s bond. A bond covering a deputy clerk or other employee must be made payable to the county for the use and benefit of the county clerk.