Tex. Ins. Code § 2602.057 · Subchapter B. GOVERNANCE OF TEXAS TITLE INSURANCE GUARANTY ASSOCIATION
RIGHTS OF TITLE INSURANCE COMPANY WITH REPRESENTATIVE ON BOARD.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A title insurance company is not prohibited, because the company has an officer, director, or employee serving as a board member, from negotiating for or entering into a contract of reinsurance or assumption of liability or a contract of substitution to provide for liabilities for covered claims with the association, the commissioner, or the receiver or conservator of an impaired title insurance company or agent.
(b) A conflict of interest does not arise from entering into a contract described by this section.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614), Sec. 3, eff. September 1, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2602.htm
- Text hash
- sha256 e372ff2574c1492c1b9e4580a58405196f005c853390a4eb600263efaea5937f
- 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.