Texas § 2551.301 MAXIMUM POLICY LIABILITY.

Texas Statutes

§ 2551.301 — MAXIMUM POLICY LIABILITY.

Texas § 2551.301

Code INInsurance Code

This text of Texas § 2551.301 (MAXIMUM POLICY LIABILITY.) 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. § 2551.301 (2026).

Text

Sec. 2551.301. MAXIMUM POLICY LIABILITY.

(a)Except as provided by Subsection (b), a title insurance company may issue a title insurance policy on any real property located in this state involving a potential policy liability of not more than 50 percent of the sum of the company's surplus as regards policyholders and the company's statutory premium reserves as stated in the most recent annual statement of the company.

(b)A title insurance company may exceed the limit described by Subsection (a) if the excess liability is reinsured in due course in accordance with Section 2551.302 , 2551.305 , or 2551.3055 .

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Sec. 2551.301. MAXIMUM POLICY LIABILITY. (a) Except as provided by Subsection (b), a title insurance company may issue a title insurance policy on any real property located in this state involving a potential policy liability of not more than 50 percent of the sum of the company's surplus as regards policyholders and the company's statutory premium reserves as stated in the most recent annual statement of the company.
(b) A title insurance company may exceed the limit described by Subsection (a) if the excess liability is reinsured in due course in accordance with Section 2551.302 , 2551.305 , or 2551.3055 .

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. Amended by: Acts 2015, 84th Leg., R.S., Ch. 38 (S.B. 572 ), Sec. 1, eff. September 1, 2015.