Texas § 2602.209 FAILURE TO PAY; COLLECTION BY COMMISSIONER.

Texas Statutes

§ 2602.209 — FAILURE TO PAY; COLLECTION BY COMMISSIONER.

Texas § 2602.209

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This text of Texas § 2602.209 (FAILURE TO PAY; COLLECTION BY COMMISSIONER.) 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. § 2602.209 (2026).

Text

Sec. 2602.209. FAILURE TO PAY; COLLECTION BY COMMISSIONER.

(a)The association shall promptly report to the commissioner a failure of a title insurance company to pay an assessment when due.

(b)On failure of a title insurance company to pay an assessment when due, the commissioner may either:

(1)suspend or revoke, after notice and hearing, the company's certificate of authority to engage in business in this state; or

(2)assess an administrative penalty as provided by Chapter 84 in an amount not to exceed the greater of five percent of the unpaid assessment each month or $100 each month.

(c)A title insurance company whose certificate of authority is canceled or surrendered is liable for any unpaid assessments made before the date of the cancellation or surrender.

(d)The commissioner ma

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Sec. 2602.209. FAILURE TO PAY; COLLECTION BY COMMISSIONER. (a) The association shall promptly report to the commissioner a failure of a title insurance company to pay an assessment when due.
(b) On failure of a title insurance company to pay an assessment when due, the commissioner may either:
(1) suspend or revoke, after notice and hearing, the company's certificate of authority to engage in business in this state; or
(2) assess an administrative penalty as provided by Chapter 84 in an amount not to exceed the greater of five percent of the unpaid assessment each month or $100 each month.
(c) A title insurance company whose certificate of authority is canceled or surrendered is liable for any unpaid assessments made before the date of the cancellation or surrender.
(d) The commissioner may collect an assessment on behalf of the association through a suit brought for that purpose.