Texas § 2551.254 TRANSITIONAL RELEASE; TRANSITIONAL CHARGE.

Texas Statutes

§ 2551.254 — TRANSITIONAL RELEASE; TRANSITIONAL CHARGE.

Texas § 2551.254

Code INInsurance Code

This text of Texas § 2551.254 (TRANSITIONAL RELEASE; TRANSITIONAL CHARGE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2551.254 (2026).

Text

Sec. 2551.254. TRANSITIONAL RELEASE; TRANSITIONAL CHARGE.

(a)In addition to the requirements described by Sections 2551.252 and 2551.253 , each domestic title insurer shall compute a total statutory premium reserve balance for all policy years combined as of December 31, 1996.

(b)A domestic title insurer shall compute the balance under Subsection (a) as if Section 2551.252 were in effect during the 20-year period ending December 31, 1996. That balance, less the total actual statutory premium reserve balance carried by the insurer on December 31, 1996, is the insurer's transitional charge if the resulting amount is more than zero or is the insurer's transitional release if the resulting amount is zero or less.

(c)If a domestic title insurer has a transitional charge under Subsection (b),

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 2551.254. TRANSITIONAL RELEASE; TRANSITIONAL CHARGE. (a) In addition to the requirements described by Sections 2551.252 and 2551.253 , each domestic title insurer shall compute a total statutory premium reserve balance for all policy years combined as of December 31, 1996.
(b) A domestic title insurer shall compute the balance under Subsection (a) as if Section 2551.252 were in effect during the 20-year period ending December 31, 1996. That balance, less the total actual statutory premium reserve balance carried by the insurer on December 31, 1996, is the insurer's transitional charge if the resulting amount is more than zero or is the insurer's transitional release if the resulting amount is zero or less.
(c) If a domestic title insurer has a transitional charge under Subsection (b), in addition to any changes to the statutory premium reserve otherwise required by this subchapter, the insurer shall add to its statutory premium reserve, on December 31 of each year for 10 consecutive years beginning on December 31, 1997, an amount equal to one-tenth of the transitional charge.
(d) If a domestic title insurer has a transitional release under Subsection (b), in addition to any changes to the statutory premium reserve otherwise required by this subchapter, the insurer shall reduce its statutory premium reserve, on December 31 of each year for 10 consecutive years beginning on December 31, 1997, by an amount equal to one-tenth of the transitional release.