Texas § 2651.201 LICENSE SURRENDER OR FORFEITURE.

Texas Statutes

§ 2651.201 — LICENSE SURRENDER OR FORFEITURE.

Texas § 2651.201

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 2651.201 (2026).

Text

Sec. 2651.201. LICENSE SURRENDER OR FORFEITURE.

(a)A title insurance agent or direct operation may voluntarily surrender at any time a license issued under this chapter by giving notice to:

(1)the department; and

(2)the affected title insurance company.

(b)A title insurance agent or direct operation that terminates the agency contract with a title insurance company automatically forfeits the license under that company.

(c)A surrender or forfeiture of a license under this section does not affect the culpability of the license holder for conduct committed before the effective date of the surrender or forfeiture. The department may institute a disciplinary proceeding against the former license holder for conduct committed before the effective date of the surrender or forfeiture.

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Sec. 2651.201. LICENSE SURRENDER OR FORFEITURE. (a) A title insurance agent or direct operation may voluntarily surrender at any time a license issued under this chapter by giving notice to:
(1) the department; and
(2) the affected title insurance company.
(b) A title insurance agent or direct operation that terminates the agency contract with a title insurance company automatically forfeits the license under that company.
(c) A surrender or forfeiture of a license under this section does not affect the culpability of the license holder for conduct committed before the effective date of the surrender or forfeiture. The department may institute a disciplinary proceeding against the former license holder for conduct committed before the effective date of the surrender or forfeiture.