Texas § 2551.202 EXCEPTION: FOREIGN TITLE INSURANCE COMPANY.

Texas Statutes

§ 2551.202 — EXCEPTION: FOREIGN TITLE INSURANCE COMPANY.

Texas § 2551.202

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Tex. Insurance Code Code Ann. § 2551.202 (2026).

Text

Sec. 2551.202. EXCEPTION: FOREIGN TITLE INSURANCE COMPANY.

(a)A foreign title insurance company is not required to make a deposit under Section 2551.201 if the company has on deposit with insurance regulatory bodies in the United States an aggregate amount of deposit that:

(1)is equal to the amount required by Section 2551.201 ; and

(2)secures all policyholders of the company, regardless of their location.

(b)The foreign title insurance company must file with the department a certificate of deposit under the hand and seal of each insurance regulatory body holding a deposit of the company.

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Sec. 2551.202. EXCEPTION: FOREIGN TITLE INSURANCE COMPANY. (a) A foreign title insurance company is not required to make a deposit under Section 2551.201 if the company has on deposit with insurance regulatory bodies in the United States an aggregate amount of deposit that:
(1) is equal to the amount required by Section 2551.201 ; and
(2) secures all policyholders of the company, regardless of their location.
(b) The foreign title insurance company must file with the department a certificate of deposit under the hand and seal of each insurance regulatory body holding a deposit of the company.