Texas § 2551.3055 REINSURANCE FROM INSURER OTHER THAN TITLE INSURER.

Texas Statutes

§ 2551.3055 — REINSURANCE FROM INSURER OTHER THAN TITLE INSURER.

Texas § 2551.3055

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This text of Texas § 2551.3055 (REINSURANCE FROM INSURER OTHER THAN TITLE INSURER.) 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.

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Tex. Insurance Code Code Ann. § 2551.3055 (2026).

Text

Sec. 2551.3055. REINSURANCE FROM INSURER OTHER THAN TITLE INSURER. Notwithstanding any other provision of this subchapter, a title insurance company may obtain reinsurance by a reinsurance treaty or other reinsurance agreement from an assuming insurer with a financial strength rating of B+ or better from the A. M. Best Company, which reinsurance meets the requirements of Subchapter C , Chapter 493 , if the title insurance company has provided the department with notice that:

(1)contains representations that the title insurance company was unable after diligent effort to procure sufficient reinsurance from another title insurance company; and

(2)summarizes the terms of the reinsurance treaty or other reinsurance agreement that the title insurance company will obtain. SUBCHAPTER H. ENFORCE

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Sec. 2551.3055. REINSURANCE FROM INSURER OTHER THAN TITLE INSURER. Notwithstanding any other provision of this subchapter, a title insurance company may obtain reinsurance by a reinsurance treaty or other reinsurance agreement from an assuming insurer with a financial strength rating of B+ or better from the A. M. Best Company, which reinsurance meets the requirements of Subchapter C , Chapter 493 , if the title insurance company has provided the department with notice that:
(1) contains representations that the title insurance company was unable after diligent effort to procure sufficient reinsurance from another title insurance company; and
(2) summarizes the terms of the reinsurance treaty or other reinsurance agreement that the title insurance company will obtain.
SUBCHAPTER H. ENFORCEMENT AND INTERVENTION