Texas § 2553.001 AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE.

Texas Statutes

§ 2553.001 — AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE.

Texas § 2553.001

Code INInsurance Code

This text of Texas § 2553.001 (AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE.) 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. § 2553.001 (2026).

Text

Sec. 2553.001. AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE.

(a)A corporation organized under the laws of another state may engage in the business of title insurance in this state on exactly the same basis and is subject to the same rules, prices, and supervision as provided for a corporation that is organized under the laws of this state and engaged in the business of title insurance under this title.

(b)To engage in the business of title insurance in this state, a foreign corporation must file with the department:

(1)an application for a permit or certificate of authority; and

(2)a financial statement demonstrating the condition of the corporation.

(c)The department shall prescribe the form of the application and financial statement.

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Sec. 2553.001. AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE. (a) A corporation organized under the laws of another state may engage in the business of title insurance in this state on exactly the same basis and is subject to the same rules, prices, and supervision as provided for a corporation that is organized under the laws of this state and engaged in the business of title insurance under this title.
(b) To engage in the business of title insurance in this state, a foreign corporation must file with the department:
(1) an application for a permit or certificate of authority; and
(2) a financial statement demonstrating the condition of the corporation.
(c) The department shall prescribe the form of the application and financial statement.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Nearby Sections

3

§ 2553.001

AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE.

§ 2553.002

CAPITAL AND SURPLUS REQUIREMENTS.

§ 2553.003

TAXES AND FEES.

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Texas § 2553.001, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/2553.001.