Sec. 686.002. REQUIREMENT OF FINANCIAL RESPONSIBILITY FOR VALET PARKING SERVICES. 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 Section 686.004;
(2) a surety bond filed under Section 601.121; or
(3) a deposit in the amount of $450,000 under Section 601.122, notwithstanding any other amount prescribed by that section.
Added by Acts 2003, 78th Leg., ch. 816, Sec. 23.002, eff. March 1, 2004.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle H - Parking, Towing, and Storage of Vehicles
Chapter 686 - Valet Parking Services
Section 686.002. Requirement of Financial Responsibility for Valet Parking Services
Section 686.003. Evidence of Financial Responsibility
Section 686.004. Minimum Coverage Amounts
Section 686.005. Common Law Defenses
Section 686.007. Defense: Financial Responsibility in Effect at Time of Alleged Offense