Tex. Ins. Code § 2551.3055 · Subchapter G. LIABILITY AND REINSURANCE
REINSURANCE FROM INSURER OTHER THAN TITLE INSURER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding any other provision of this subchapter, a title insurance company may obtain reinsurance by a reinsurance treaty or other reinsurance agreement from an assuming insurer with a financial strength rating of B+ or better from the A. M. Best Company, which reinsurance meets the requirements of Subchapter C, Chapter 493, if the title insurance company has provided the department with notice that:
(1) contains representations that the title insurance company was unable after diligent effort to procure sufficient reinsurance from another title insurance company; and
(2) summarizes the terms of the reinsurance treaty or other reinsurance agreement that the title insurance company will obtain.
Notes and commentary — not statutory text
History
Added by 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 9ea3cfb32e3bfc3f10deec75dfb7f2968655e286f6e8ccdbc970ed25cefd416f
- 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.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2551.3055. 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.