Tex. Ins. Code § 2551.251 · Subchapter F. RESERVES
STATUTORY PREMIUM RESERVE REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each domestic title insurer shall establish and maintain a statutory premium reserve. The reserve is cumulative. The reserve must consist of the amounts required under Sections 2551.252-2551.260 and must be established and maintained during the period and for the uses and purposes provided by those sections.
(b) The reserve required under this section:
(1) is considered to be unearned portions of the original premium; and
(2) must be charged as a reserve liability of the title insurer in determining the insurer's financial condition.
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 c9d66e4ddbecd58daf0419ceaff943814d2ff9e8628c9374f6b7adee8f6dffdf
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.