Tex. Ins. Code § 2551.202 · Subchapter E. REQUIRED DEPOSIT
EXCEPTION: FOREIGN TITLE INSURANCE COMPANY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A foreign title insurance company is not required to make a deposit under Section 2551.201 if the company has on deposit with insurance regulatory bodies in the United States an aggregate amount of deposit that:
(1) is equal to the amount required by Section 2551.201; and
(2) secures all policyholders of the company, regardless of their location.
(b) The foreign title insurance company must file with the department a certificate of deposit under the hand and seal of each insurance regulatory body holding a deposit of the company.
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 f19a9d63f80b60d7c3702b0c736b0f3bb9842b8d6a6f568e96d77e7de99364ea
- 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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