Texas § 2553.002 CAPITAL AND SURPLUS REQUIREMENTS.

Texas Statutes

§ 2553.002 — CAPITAL AND SURPLUS REQUIREMENTS.

Texas § 2553.002

Code INInsurance Code

This text of Texas § 2553.002 (CAPITAL AND SURPLUS REQUIREMENTS.) 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. § 2553.002 (2026).

Text

Sec. 2553.002. CAPITAL AND SURPLUS REQUIREMENTS.

(a)A foreign corporation may not engage in the business of title insurance in this state unless the corporation has unimpaired capital in an amount of at least $1 million and a surplus in an amount of at least $1 million.

(b)The foreign corporation must demonstrate the required capital and surplus from its financial statement and any other examination the department may want to conduct.

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Sec. 2553.002. CAPITAL AND SURPLUS REQUIREMENTS. (a) A foreign corporation may not engage in the business of title insurance in this state unless the corporation has unimpaired capital in an amount of at least $1 million and a surplus in an amount of at least $1 million.
(b) The foreign corporation must demonstrate the required capital and surplus from its financial statement and any other examination the department may want to conduct.

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 § 2553.002, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/2553.002.