Tex. Ins. Code § 2553.002 · Chapter 2553. FOREIGN OR ALIEN CORPORATIONS
CAPITAL AND SURPLUS REQUIREMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A foreign corporation may not engage in the business of title insurance in this state unless the corporation has unimpaired capital in an amount of at least $1 million and a surplus in an amount of at least $1 million.
(b) The foreign corporation must demonstrate the required capital and surplus from its financial statement and any other examination the department may want to conduct.
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.2553.htm
- Text hash
- sha256 5d2c1137a2e9b6d765e190b391ea07ededb8085eb8540cb408363aae463f551f
- 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
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.