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Texas bonds

Texas — Medina Electric Cooperative, Inc. Utility Deposit Bond

Prepare Medina Electric Cooperative deposit security with the legal customer and covered accounts in its request. Confirm the Texas account amount and accepted wording before applying.

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Recorded state
Texas
Category
Utilities

What this bond does

The offering concerns an electric customer's payment-security obligation under the cooperative's accepted bond.

Who needs it
Medina Electric Cooperative customers asked to arrange utility deposit-bond security.
Who it protects
The cooperative in the accepted form receives security for the stated account duties. The customer remains responsible for electric bills.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Details

Keep the cooperative's full legal recipient wording, including the suffix its accepted form requires. Separately identify the customer and meters to secure. A change of premises or business owner does not establish that earlier account security fits the new request.

One application route is offered without preset amounts or terms. Prepare the required amount, accepted form and effective date. Purchase Now opens Propeller in a new tab. After issuance, check and deliver the bond as instructed; utility acceptance, membership and service steps remain separate.

Sources

Have these ready

  1. Cooperative's written security request and accepted form.
  2. Legal electric customer, Texas service locations and covered meter/account references.
  3. Required amount, effective date and delivery directions.

Questions about this bond

Can I use the former owner's bond?

Have the cooperative identify the current legal customer and required security. Do not assume an earlier customer's bond transfers with the premises.

Does one bond cover every meter I hold?

Use the meter and account scope specified by the actual request and accepted form.

Does applying complete membership?

The provider application concerns the bond. Complete any separate membership and service requirements with the cooperative.

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