Tex. Ins. Code § 2551.305 · Subchapter G. LIABILITY AND REINSURANCE
REINSURANCE FROM NON-ADMITTED TITLE INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding any other provision of this subchapter, a title insurance company may acquire reinsurance on an individual policy or facultative basis from a title insurance company not authorized to engage in the business of title insurance in this state if the title insurance company from which the reinsurance is acquired:
(1) has a combined capital and surplus of at least $20 million as stated in the company's most recent annual statement preceding the acceptance of reinsurance; and
(2) is domiciled in another state and is authorized to engage in the business of title insurance in one or more states.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1059 (S.B. 322), Sec. 3, eff. September 1, 2011.
Acts 2013, 83rd Leg., R.S., Ch. 1056 (H.B. 3106), Sec. 2, eff. September 1, 2013.
Acts 2015, 84th Leg., R.S., Ch. 38 (S.B. 572), Sec. 3, 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 7074df0a1502087c840a36cfbb24f3e63f5c771bc621bed0660778a114060de4
- 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
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2551.305. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 2551.301MAXIMUM POLICY LIABILITY.Printed as Section 2551.302, 2551.305, or 2551.3055
- Tex. Ins. Code § 2551.302REQUIREMENTS FOR REINSURING POLICIES.Printed as Section 2551.305 or 2551.3055
- Tex. Ins. Code § 2703.001COMPLIANCE WITH TITLE AND RULES.Printed as Section 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.