Tex. Ins. Code § 2551.102 · Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS
ISSUANCE OF CERTIFICATE OF AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsection (c), the department shall issue a certificate of authority to engage in the business of title insurance if, following any examination the department considers proper, the department makes a determination favorable to the title insurance company with respect to:
(1) the payment of capital stock and surplus as required by this title; and
(2) the value of the assets used to pay the capital stock and surplus.
(b) The title insurance company shall pay the expense of any examination conducted under Subsection (a).
(c) Issuance of a certificate of authority to a foreign corporation is governed by Section 2553.001.
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 db1a2c86feb83f9d3b0db59e93c5926558db8fa76ca0681f9836eff400077936
- 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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