Tex. Ins. Code § 2602.107 · Subchapter C. GENERAL POWERS AND DUTIES OF ASSOCIATION
ADMINISTRATIVE EXPENSES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The association may use money in the administrative account to pay administrative costs and other general expenses of the association.
(b) The association may transfer income from investment of the association's money in any account to the administrative account.
(c) The association shall assess title insurance companies as provided by Subchapter E for any additional money needed for the administrative account.
(d) The association shall pay from the guaranty fee account fees and reasonable and necessary expenses that the department incurs in an examination or audit of a title agent or direct operation under this chapter and Chapter 2651.
(e) The association may advance money from any account to the administrative account to pay the administrative expenses of the association.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1025 (H.B. 4338), Sec. 5, eff. September 1, 2009.
Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614), Sec. 9, 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 e58624017bd027531797010b07632ec233557ef0016b0100c25e2a55a24e2bb5
- 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.