Tex. Ins. Code § 2551.301 · Subchapter G. LIABILITY AND REINSURANCE
MAXIMUM POLICY LIABILITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Subsection (b), a title insurance company may issue a title insurance policy on any real property located in this state involving a potential policy liability of not more than 50 percent of the sum of the company's surplus as regards policyholders and the company's statutory premium reserves as stated in the most recent annual statement of the company.
(b) A title insurance company may exceed the limit described by Subsection (a) if the excess liability is reinsured in due course in accordance with Section 2551.302, 2551.305, or 2551.3055.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 38 (S.B. 572), Sec. 1, eff. September 1, 2015.
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 bbf40c1dd58652b81d7f80bec30844cc7aba9643ca0da3b809209d7517738cbf
- 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.
Insurance Code
- Tex. Ins. Code § 2551.302REQUIREMENTS FOR REINSURING POLICIES.Printed as Section 2551.302, 2551.305, or 2551.3055
- Tex. Ins. Code § 2551.305REINSURANCE FROM NON-ADMITTED TITLE INSURER.Printed as Section 2551.302, 2551.305, or 2551.3055
- Tex. Ins. Code § 2551.3055REINSURANCE FROM INSURER OTHER THAN TITLE INSURER.Printed as Section 2551.302, 2551.305, or 2551.3055
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.