Tex. Ins. Code § 2502.054 · Subchapter B. REBATES AND DISCOUNTS
CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the title insurance company or by a wholly owned subsidiary of the title insurance company.
(b) This subchapter does not:
(1) prohibit a title insurance company from:
(A) appointing as its title insurance agent for a county a person who owns or leases and operates an abstract plant for that county; and
(B) arranging for a division of premiums with the agent as set by the commissioner; or
(2) affect the division of a premium between a title insurance company and its subsidiary title insurance agent when the company directly issues a title insurance policy or contract under Section 2704.002.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2502.htm
- Text hash
- sha256 399301f1b30551c247940a485d2600d5c27db7f872c18d2272e1291748d6e52c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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