Texas § 2551.201 DEPOSIT REQUIRED; AMOUNT.

Texas Statutes

§ 2551.201 — DEPOSIT REQUIRED; AMOUNT.

Texas § 2551.201

Code INInsurance Code

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Tex. Insurance Code Code Ann. § 2551.201 (2026).

Text

Sec. 2551.201. DEPOSIT REQUIRED; AMOUNT.

(a)Except as provided by Section 2551.202 , a title insurance company shall deposit and maintain in the state treasury, or other depository in this state named by the company and approved by the department, either:

(1)cash; or

(2)securities described by Section 2551.151 .

(b)A title insurance company's deposit under this section must be in an amount equal to the lesser of:

(1)one-fourth of the authorized capital of the company; or

(2)$100,000.

(c)A deposit under this section is for the benefit of all policyholders.

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Sec. 2551.201. DEPOSIT REQUIRED; AMOUNT. (a) Except as provided by Section 2551.202 , a title insurance company shall deposit and maintain in the state treasury, or other depository in this state named by the company and approved by the department, either:
(1) cash; or
(2) securities described by Section 2551.151 .
(b) A title insurance company's deposit under this section must be in an amount equal to the lesser of:
(1) one-fourth of the authorized capital of the company; or
(2) $100,000.
(c) A deposit under this section is for the benefit of all policyholders.