Tex. Ins. Code § 2551.003 · Subchapter A. GENERAL PROVISIONS
RULEMAKING; AUTHORITY OF DEPARTMENT AND COMMISSIONER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner may adopt and enforce rules:
(1) that prescribe underwriting standards and practices on which a title insurance contract must be issued;
(2) that define risks that may not be assumed under a title insurance contract, including risks that may not be assumed because of the insolvency of the parties to the transaction; and
(3) that the commissioner determines are necessary to accomplish the purposes of this title.
(b) With respect to a company operating under this title that engages in the kinds of business described by Section 2551.051(b)(1) or (2) in a manner that might subject the company to another regulatory statute of this state, all examination and regulation shall be exercised by the department rather than any other state agency named in the other regulatory statute, as long as the corporation engages in the business of title insurance.
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.2551.htm
- Text hash
- sha256 17a79b2d310eae82466aaaff573e6600ed71ff9d5f049dc085ce86cc8c37faf9
- 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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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.