What is the main requirement for a bond executed under the Texas Private Security Act?

The main requirement for a bond executed under the Texas Private Security Act is that it remains effective until the license holder decides to terminate it. This means that the bond is a continuous obligation, ensuring that there is ongoing financial responsibility associated with the actions of the licensed private security company. This requirement is crucial for protecting the public and ensuring compliance with the law, as the bond serves as a financial guarantee for damages or violations that may occur.

The bond's longevity and effectiveness until termination provide stability and reassurance to both the regulatory body and the clients served by the private security entity. It signifies that the bond will remain in force unless the license holder takes proactive steps to cancel it, ensuring that there is always a financial backing in place while the license is active. This continuity is a cornerstone of the regulatory framework established by the Texas Private Security Act, emphasizing the importance of accountability in the security industry.