Texas Statutes
Insurance Code
Title 11 - Title Insurance

Section 2501.009. Gifts, Grants, and Donations for Educational Purposes - Sec. 2501.009. GIFTS, GRANTS, AND DONATIONS FOR EDUCATIONAL PURPOSES. (a)...

Chapter 2502 - Prohibited Conduct

Subchapter A. Prohibited Conduct in General

Section 2502.001. Engaging in Certain Insurance Business Prohibited - Sec. 2502.001. ENGAGING IN CERTAIN INSURANCE BUSINESS PROHIBITED. (a) A...

Section 2502.002. Coverage for Unmarketability of Title Prohibited - Sec. 2502.002. COVERAGE FOR UNMARKETABILITY OF TITLE PROHIBITED. (a) An...

Section 2502.003. Insuring Around Defined; Prohibitions and Exceptions - Sec. 2502.003. INSURING AROUND DEFINED; PROHIBITIONS AND EXCEPTIONS. (a) Except...

Section 2502.004. Guarantee of Mortgage Payment Prohibited - Sec. 2502.004. GUARANTEE OF MORTGAGE PAYMENT PROHIBITED. (a) A title...

Section 2502.005. Civil Penalty - Sec. 2502.005. CIVIL PENALTY. (a) A person is liable to...

Section 2502.006. Certain Extra Hazardous Coverages Prohibited - Sec. 2502.006. CERTAIN EXTRA HAZARDOUS COVERAGES PROHIBITED. (a) A title...

Subchapter B. Rebates and Discounts

Section 2502.051. Rebates and Discounts Prohibited - Sec. 2502.051. REBATES AND DISCOUNTS PROHIBITED. A commission, rebate, discount,...

Section 2502.052. Certain Divisions of Real Property Charges Prohibited - Sec. 2502.052. CERTAIN DIVISIONS OF REAL PROPERTY CHARGES PROHIBITED. Other...

Section 2502.053. Certain Compensatory Payments Not Prohibited - Sec. 2502.053. CERTAIN COMPENSATORY PAYMENTS NOT PROHIBITED. This subchapter does...

Section 2502.054. Certain Divisions of Premiums Not Prohibited - Sec. 2502.054. CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED. (a) For...

Section 2502.055. Promotional and Educational Activities Not Rebates - Sec. 2502.055. PROMOTIONAL AND EDUCATIONAL ACTIVITIES NOT REBATES. (a) The...

Section 2502.056. Monetary Forfeiture - Sec. 2502.056. MONETARY FORFEITURE. (a) A person who pays or...

Section 2502.057. Certain Compensatory Payments Related to Certain Electric Energy Projects Permitted - Sec. 2502.057. CERTAIN COMPENSATORY PAYMENTS RELATED TO CERTAIN ELECTRIC ENERGY...

Subtitle B - Organization of Title Insurance Companies

Chapter 2551 - Title Insurers

Subchapter A. General Provisions

Section 2551.001. Applicability of Title and Other Law - Sec. 2551.001. APPLICABILITY OF TITLE AND OTHER LAW. (a) Except...

Section 2551.002. Applicability of Law Governing Corporations - Sec. 2551.002. APPLICABILITY OF LAW GOVERNING CORPORATIONS. A title insurance...

Section 2551.003. Rulemaking; Authority of Department and Commissioner - Sec. 2551.003. RULEMAKING; AUTHORITY OF DEPARTMENT AND COMMISSIONER. (a) The...

Subchapter B. Formation

Section 2551.051. Formation; General Purposes and Powers - Sec. 2551.051. FORMATION; GENERAL PURPOSES AND POWERS. (a) A private...

Section 2551.052. Name - Sec. 2551.052. NAME. (a) The name of a corporation chartered...

Section 2551.053. Stock and Surplus Requirements - Sec. 2551.053. STOCK AND SURPLUS REQUIREMENTS. (a) A title insurance...

Section 2551.054. Purchase of Own Stock - Sec. 2551.054. PURCHASE OF OWN STOCK. (a) Subject to Section...

Section 2551.055. Charter of Corporation Engaging in Business of Title Insurance - Sec. 2551.055. CHARTER OF CORPORATION ENGAGING IN BUSINESS OF TITLE...

Section 2551.056. Regulation of Certain Corporations - Sec. 2551.056. REGULATION OF CERTAIN CORPORATIONS. (a) A corporation incorporated...

Subchapter C. Authority to Engage in Business

Section 2551.101. Certificate of Authority Required - Sec. 2551.101. CERTIFICATE OF AUTHORITY REQUIRED. A title insurance company...

Section 2551.102. Issuance of Certificate of Authority - Sec. 2551.102. ISSUANCE OF CERTIFICATE OF AUTHORITY. (a) Subject to...

Subchapter D. General Powers and Duties

Section 2551.151. Admissible Investments - Sec. 2551.151. ADMISSIBLE INVESTMENTS. (a) A title insurance company shall...

Section 2551.152. Annual Statement - Sec. 2551.152. ANNUAL STATEMENT. (a) Not later than March 1...

Section 2551.153. Fees - Sec. 2551.153. FEES. The general laws applicable to payment of...

Section 2551.154. Transfer of Certain Business to State Banks or Trust Companies - Sec. 2551.154. TRANSFER OF CERTAIN BUSINESS TO STATE BANKS OR...

Subchapter E. Required Deposit

Section 2551.201. Deposit Required; Amount - Sec. 2551.201. DEPOSIT REQUIRED; AMOUNT. (a) Except as provided by...

Section 2551.202. Exception: Foreign Title Insurance Company - Sec. 2551.202. EXCEPTION: FOREIGN TITLE INSURANCE COMPANY. (a) A foreign...

Section 2551.203. Withdrawal and Substitution of Deposit - Sec. 2551.203. WITHDRAWAL AND SUBSTITUTION OF DEPOSIT. A title insurance...

Section 2551.204. Use of Deposit - Sec. 2551.204. USE OF DEPOSIT. (a) Except as otherwise provided...

Subchapter F. Reserves

Section 2551.251. Statutory Premium Reserve Required - Sec. 2551.251. STATUTORY PREMIUM RESERVE REQUIRED. (a) Each domestic title...

Section 2551.252. Amounts Added to Reserve for Calendar Year 1997; Reductions - Sec. 2551.252. AMOUNTS ADDED TO RESERVE FOR CALENDAR YEAR 1997;...

Section 2551.253. Amounts Added to Reserve for Calendar Years After 1997; Reductions - Sec. 2551.253. AMOUNTS ADDED TO RESERVE FOR CALENDAR YEARS AFTER...

Section 2551.254. Transitional Release; Transitional Charge - Sec. 2551.254. TRANSITIONAL RELEASE; TRANSITIONAL CHARGE. (a) In addition to...

Section 2551.255. Runoff Balance - Sec. 2551.255. RUNOFF BALANCE. (a) At the end of each...

Section 2551.256. Actuarial Certification - Sec. 2551.256. ACTUARIAL CERTIFICATION. (a) Each domestic or foreign title...

Section 2551.257. Supplemental Reserve - Sec. 2551.257. SUPPLEMENTAL RESERVE. Each domestic or foreign title insurer...

Section 2551.258. Reevaluation of Certain Reserve Requirements - Sec. 2551.258. REEVALUATION OF CERTAIN RESERVE REQUIREMENTS. (a) The commissioner...

Section 2551.259. Statutory Premium Reserve and Supplemental Reserve Fund - Sec. 2551.259. STATUTORY PREMIUM RESERVE AND SUPPLEMENTAL RESERVE FUND. The...

Section 2551.260. Effect of Insolvency or Dissolution - Sec. 2551.260. EFFECT OF INSOLVENCY OR DISSOLUTION. On the insolvency...

Section 2551.261. Reserve for Unpaid Losses and Loss Expenses - Sec. 2551.261. RESERVE FOR UNPAID LOSSES AND LOSS EXPENSES. (a)...

Subchapter G. Liability and Reinsurance

Section 2551.301. Maximum Policy Liability - Sec. 2551.301. MAXIMUM POLICY LIABILITY. (a) Except as provided by...

Section 2551.302. Requirements for Reinsuring Policies - Sec. 2551.302. REQUIREMENTS FOR REINSURING POLICIES. A title insurance company...

Section 2551.304. Acceptance of Reinsurance - Sec. 2551.304. ACCEPTANCE OF REINSURANCE. A title insurance company may...

Section 2551.305. Reinsurance From Non-Admitted Title Insurer - Sec. 2551.305. REINSURANCE FROM NON-ADMITTED TITLE INSURER. Notwithstanding any other...

Section 2551.3055. Reinsurance From Insurer Other Than Title Insurer - Sec. 2551.3055. REINSURANCE FROM INSURER OTHER THAN TITLE INSURER. Notwithstanding...

Subchapter H. Enforcement and Intervention

Section 2551.351. Forfeiture of Right to Engage in Business - Sec. 2551.351. FORFEITURE OF RIGHT TO ENGAGE IN BUSINESS. (a)...

Section 2551.352. Revocation of Permit and Forfeiture of Charter - Sec. 2551.352. REVOCATION OF PERMIT AND FORFEITURE OF CHARTER. (a)...

Section 2551.353. Procedure for Revocation of Certificate - Sec. 2551.353. PROCEDURE FOR REVOCATION OF CERTIFICATE. (a) If the...

Section 2551.354. Appeal of Commissioner Action - Sec. 2551.354. APPEAL OF COMMISSIONER ACTION. (a) A company qualified...

Chapter 2553 - Foreign or Alien Corporations

Section 2553.001. Authority to Engage in Business of Title Insurance - Sec. 2553.001. AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE....

Section 2553.002. Capital and Surplus Requirements - Sec. 2553.002. CAPITAL AND SURPLUS REQUIREMENTS. (a) A foreign corporation...

Section 2553.003. Taxes and Fees - Sec. 2553.003. TAXES AND FEES. (a) A corporation organized and...

Subtitle C - Financial Solvency

Chapter 2601 - Supervision, Liquidation, Rehabilitation, Reorganization, or Conservation of Title Insurance Companies and Agents

Section 2601.001. Supervision, Liquidation, Rehabilitation, Reorganization, or Conservation of Title Insurance Companies and Agents - Sec. 2601.001. SUPERVISION, LIQUIDATION, REHABILITATION, REORGANIZATION, OR CONSERVATION OF TITLE...

Chapter 2602 - Texas Title Insurance Guaranty Association

Subchapter A. General Provisions

Section 2602.001. Short Title - Sec. 2602.001. SHORT TITLE. This chapter may be cited as...

Section 2602.002. Purposes and Findings - Sec. 2602.002. PURPOSES AND FINDINGS. (a) This chapter is for:...

Section 2602.003. Definitions - Sec. 2602.003. DEFINITIONS. In this chapter: (1) "Affiliate" means a...

Section 2602.004. Description of Control - Sec. 2602.004. DESCRIPTION OF CONTROL. (a) For purposes of this...

Section 2602.005. Applicability; Conflict With Other Laws - Sec. 2602.005. APPLICABILITY; CONFLICT WITH OTHER LAWS. (a) This chapter...

Section 2602.006. Construction - Sec. 2602.006. CONSTRUCTION. (a) This chapter shall be liberally construed...

Section 2602.007. Prohibited Use of Protection Provided by Chapter - Sec. 2602.007. PROHIBITED USE OF PROTECTION PROVIDED BY CHAPTER. (a)...

Section 2602.008. Immunity - Sec. 2602.008. IMMUNITY. (a) Liability does not exist and a...

Section 2602.009. Association and Title Insurance Companies as Interested Parties - Sec. 2602.009. ASSOCIATION AND TITLE INSURANCE COMPANIES AS INTERESTED PARTIES....

Section 2602.010. Rules - Sec. 2602.010. RULES. The commissioner shall adopt reasonable rules as...

Section 2602.011. Information Provided by and to Commissioner - Sec. 2602.011. INFORMATION PROVIDED BY AND TO COMMISSIONER. (a) The...

Section 2602.012. Appeals - Sec. 2602.012. APPEALS. (a) A title insurance company may appeal...

Section 2602.013. Venue - Sec. 2602.013. VENUE. An action against the association or an...

Subchapter B. Governance of Texas Title Insurance Guaranty Association

Section 2602.051. Association as Legal Entity; Supervision; Membership - Sec. 2602.051. ASSOCIATION AS LEGAL ENTITY; SUPERVISION; MEMBERSHIP. (a) The...

Section 2602.052. Board of Directors - Sec. 2602.052. BOARD OF DIRECTORS. (a) The association's powers are...

Section 2602.053. Eligibility to Serve as Public Representative - Sec. 2602.053. ELIGIBILITY TO SERVE AS PUBLIC REPRESENTATIVE. (a) In...

Section 2602.054. Term; Vacancy - Sec. 2602.054. TERM; VACANCY. (a) Board members serve staggered six-year...

Section 2602.055. Compensation of Board Members - Sec. 2602.055. COMPENSATION OF BOARD MEMBERS. A board member may...

Section 2602.057. Rights of Title Insurance Company With Representative on Board - Sec. 2602.057. RIGHTS OF TITLE INSURANCE COMPANY WITH REPRESENTATIVE ON...

Subchapter C. General Powers and Duties of Association

Section 2602.101. General Powers and Duties - Sec. 2602.101. GENERAL POWERS AND DUTIES. (a) In addition to...

Section 2602.102. Plan of Operation - Sec. 2602.102. PLAN OF OPERATION. (a) The association shall perform...

Section 2602.103. Employees and Experts - Sec. 2602.103. EMPLOYEES AND EXPERTS. (a) The association may employ...

Section 2602.104. Association Records - Sec. 2602.104. ASSOCIATION RECORDS. (a) The association shall maintain a...

Section 2602.105. Meeting by Conference Call - Sec. 2602.105. MEETING BY CONFERENCE CALL. Notwithstanding Chapter 551, Government...

Section 2602.106. Accounts - Sec. 2602.106. ACCOUNTS. For purposes of administration and assessment, the...

Section 2602.107. Administrative Expenses - Sec. 2602.107. ADMINISTRATIVE EXPENSES. (a) The association may use money...

Section 2602.108. Deposit of Fees and Assessments - Sec. 2602.108. DEPOSIT OF FEES AND ASSESSMENTS. The association may...

Section 2602.109. Use of Excess Money in Accounts - Sec. 2602.109. USE OF EXCESS MONEY IN ACCOUNTS. (a) The...

Section 2602.110. Expenses of Administering Impaired Insurer or Impaired Agent - Sec. 2602.110. EXPENSES OF ADMINISTERING IMPAIRED INSURER OR IMPAIRED AGENT....

Section 2602.111. Delegation of Powers and Duties - Sec. 2602.111. DELEGATION OF POWERS AND DUTIES. (a) The plan...

Section 2602.112. Exemption From Taxation - Sec. 2602.112. EXEMPTION FROM TAXATION. The association is exempt from...

Section 2602.113. Detection and Prevention of Impairment - Sec. 2602.113. DETECTION AND PREVENTION OF IMPAIRMENT. (a) The board...

Section 2602.114. Meeting of Board on Impaired Title Insurance Company or Agent - Sec. 2602.114. MEETING OF BOARD ON IMPAIRED TITLE INSURANCE COMPANY...

Section 2602.115. Association and Board Advice and Assistance - Sec. 2602.115. ASSOCIATION AND BOARD ADVICE AND ASSISTANCE. (a) On...

Section 2602.116. Board Access to Records - Sec. 2602.116. BOARD ACCESS TO RECORDS. The receiver, supervisor, conservator,...

Section 2602.117. Board Report at Conclusion of Impairment - Sec. 2602.117. BOARD REPORT AT CONCLUSION OF IMPAIRMENT. At the...

Subchapter D. Policy Guaranty Fees

Section 2602.151. Payment of Fee - Sec. 2602.151. PAYMENT OF FEE. (a) An agent or, if...

Section 2602.152. Amount of Fee - Sec. 2602.152. AMOUNT OF FEE. Annually or more frequently, the...

Section 2602.153. Use of Fee - Sec. 2602.153. USE OF FEE. (a) The association shall collect,...

Section 2602.154. Enforcement of Fee - Sec. 2602.154. ENFORCEMENT OF FEE. (a) After notice and opportunity...

Subchapter E. Assessments

Section 2602.201. Making of Assessment - Sec. 2602.201. MAKING OF ASSESSMENT. (a) If the commissioner determines...

Section 2602.202. Amount of Assessment; Proration of Payment - Sec. 2602.202. AMOUNT OF ASSESSMENT; PRORATION OF PAYMENT. (a) The...

Section 2602.203. Notice and Payment - Sec. 2602.203. NOTICE AND PAYMENT. The association shall give each...

Section 2602.204. Exemption for Impaired Title Insurance Company - Sec. 2602.204. EXEMPTION FOR IMPAIRED TITLE INSURANCE COMPANY. A title...

Section 2602.205. Deferment - Sec. 2602.205. DEFERMENT. (a) The association may defer in whole...

Section 2602.206. Participation Receipts - Sec. 2602.206. PARTICIPATION RECEIPTS. (a) On receipt from a title...

Section 2602.207. Accounting; Reports; Refund - Sec. 2602.207. ACCOUNTING; REPORTS; REFUND. (a) The association shall adopt...

Section 2602.208. Use of Assessments - Sec. 2602.208. USE OF ASSESSMENTS. (a) Money from assessments is...

Section 2602.209. Failure to Pay; Collection by Commissioner - Sec. 2602.209. FAILURE TO PAY; COLLECTION BY COMMISSIONER. (a) The...

Section 2602.210. Recovery of Assessment in Rates; Tax Credit - Sec. 2602.210. RECOVERY OF ASSESSMENT IN RATES; TAX CREDIT. (a)...

Subchapter F. Covered Claims

Section 2602.251. Covered Claims in General - Sec. 2602.251. COVERED CLAIMS IN GENERAL. An unpaid claim is...

Section 2602.252. Claim Against Trust Funds or Escrow Account - Sec. 2602.252. CLAIM AGAINST TRUST FUNDS OR ESCROW ACCOUNT. An...

Section 2602.253. Claim in Connection With Fidelity of Agent - Sec. 2602.253. CLAIM IN CONNECTION WITH FIDELITY OF AGENT. An...

Section 2602.254. Certain Conservator and Receiver Expenses Covered - Sec. 2602.254. CERTAIN CONSERVATOR AND RECEIVER EXPENSES COVERED. Reasonable and...

Section 2602.255. Claims Not Covered - Sec. 2602.255. CLAIMS NOT COVERED. The following are not covered...

Section 2602.256. Amount of Covered Claim; Limit - Sec. 2602.256. AMOUNT OF COVERED CLAIM; LIMIT. (a) A covered...

Section 2602.257. Exhaustion of Other Rights Required - Sec. 2602.257. EXHAUSTION OF OTHER RIGHTS REQUIRED. (a) A person...

Section 2602.258. Certain Money Authorized for Use in Paying Covered Claim; Limit - Sec. 2602.258. CERTAIN MONEY AUTHORIZED FOR USE IN PAYING COVERED...

Section 2602.259. Stay of Proceedings; Certain Decisions Not Binding - Sec. 2602.259. STAY OF PROCEEDINGS; CERTAIN DECISIONS NOT BINDING. (a)...

Section 2602.260. Admissibility of Payment - Sec. 2602.260. ADMISSIBILITY OF PAYMENT. In a lawsuit brought by...

Section 2602.261. Appeal of Claim Determination - Sec. 2602.261. APPEAL OF CLAIM DETERMINATION. A claimant's right of...

Subchapter G. Association Powers and Duties Relating to Covered Claims

Section 2602.301. General Powers and Duties of Association in Connection With Payment of Covered Claims - Sec. 2602.301. GENERAL POWERS AND DUTIES OF ASSOCIATION IN CONNECTION...

Section 2602.302. Payment of Covered Claims - Sec. 2602.302. PAYMENT OF COVERED CLAIMS. (a) The association shall...

Section 2602.303. Servicing Facility - Sec. 2602.303. SERVICING FACILITY. (a) The association may handle claims...

Section 2602.304. Advance as Loan - Sec. 2602.304. ADVANCE AS LOAN. Money advanced by the association...

Section 2602.305. Association in Place of Impaired Title Insurance Company or Agent - Sec. 2602.305. ASSOCIATION IN PLACE OF IMPAIRED TITLE INSURANCE COMPANY...

Section 2602.306. Assignment of Claimant's Rights - Sec. 2602.306. ASSIGNMENT OF CLAIMANT'S RIGHTS. (a) Any cause of...

Section 2602.307. Settlement by Association Binding; Priority of Claim and Expenses - Sec. 2602.307. SETTLEMENT BY ASSOCIATION BINDING; PRIORITY OF CLAIM AND...

Section 2602.308. Report to Receiver - Sec. 2602.308. REPORT TO RECEIVER. The association shall periodically file...

Subchapter H. Conservator or Receiver Powers and Duties Relating to Covered Claims

Section 2602.351. Determination of Conservator Concerning Reinsurance, Assumption, or Substitution - Sec. 2602.351. DETERMINATION OF CONSERVATOR CONCERNING REINSURANCE, ASSUMPTION, OR SUBSTITUTION....

Section 2602.352. Notice of Determination Concerning Actual Payment - Sec. 2602.352. NOTICE OF DETERMINATION CONCERNING ACTUAL PAYMENT. (a) On...

Section 2602.353. Filing of Covered Claim - Sec. 2602.353. FILING OF COVERED CLAIM. The conservator may require...

Section 2602.354. Claim by Person With Cause of Action Against Insured - Sec. 2602.354. CLAIM BY PERSON WITH CAUSE OF ACTION AGAINST...

Section 2602.355. Report to Association - Sec. 2602.355. REPORT TO ASSOCIATION. (a) A receiver of an...

Subchapter I. Operation of Impaired Title Insurance Company or Agent

Section 2602.401. Issuance or Renewal of Policies - Sec. 2602.401. ISSUANCE OR RENEWAL OF POLICIES. (a) If an...

Section 2602.402. Distributions to Shareholders and Affiliates - Sec. 2602.402. DISTRIBUTIONS TO SHAREHOLDERS AND AFFILIATES. (a) An impaired...

Section 2602.403. Assets Attributable to Covered Policies - Sec. 2602.403. ASSETS ATTRIBUTABLE TO COVERED POLICIES. (a) For the...

Subchapter J. Additional Duties of Association

Section 2602.451. Applicability - Sec. 2602.451. APPLICABILITY. This subchapter applies, at the commissioner's discretion...

Section 2602.452. Actions for Certain Agents - Sec. 2602.452. ACTIONS FOR CERTAIN AGENTS. (a) The commissioner may...

Section 2602.453. Authority of Association; Cooperation of Officers, Owners, and Employees - Sec. 2602.453. AUTHORITY OF ASSOCIATION; COOPERATION OF OFFICERS, OWNERS, AND...

Subtitle D - Title Insurance Professionals

Chapter 2651 - Title Insurance Agents and Direct Operations

Subchapter A. Title Insurance Agent's License

Section 2651.001. License and Bond or Deposit Required - Sec. 2651.001. LICENSE AND BOND OR DEPOSIT REQUIRED. (a) An...

Section 2651.002. License Application - Sec. 2651.002. LICENSE APPLICATION. (a) Before an initial license is...

Section 2651.0021. Professional Training Program - Sec. 2651.0021. PROFESSIONAL TRAINING PROGRAM. (a) The commissioner shall adopt...

Section 2651.003. License and Renewal Fees - Sec. 2651.003. LICENSE AND RENEWAL FEES. (a) The department shall...

Section 2651.004. License Issuance - Sec. 2651.004. LICENSE ISSUANCE. The department shall issue a license...

Section 2651.005. Duplicate License - Sec. 2651.005. DUPLICATE LICENSE. (a) The department shall collect in...

Section 2651.006. License Term - Sec. 2651.006. LICENSE TERM. Unless a system of staggered license...

Section 2651.007. License Renewal - Sec. 2651.007. LICENSE RENEWAL. (a) A title insurance agent may...

Section 2651.008. Records of Agents - Sec. 2651.008. RECORDS OF AGENTS. The department shall maintain a...

Section 2651.009. Multiple Appointments - Sec. 2651.009. MULTIPLE APPOINTMENTS. (a) A licensed title insurance agent...

Section 2651.010. Suspension of License - Sec. 2651.010. SUSPENSION OF LICENSE. The department shall suspend the...

Section 2651.011. Privileged Communications; Financial Information - Sec. 2651.011. PRIVILEGED COMMUNICATIONS; FINANCIAL INFORMATION. (a) Any information, including...

Section 2651.012. Unencumbered Assets - Sec. 2651.012. UNENCUMBERED ASSETS. (a) In this section: (1) "Principal...

Section 2651.0121. Solvency Account - Sec. 2651.0121. SOLVENCY ACCOUNT. (a) An agent may maintain a...

Section 2651.013. Division of Premium Held in Trust; Rules - Sec. 2651.013. DIVISION OF PREMIUM HELD IN TRUST; RULES. (a)...

Subchapter B. Direct Operation License

Section 2651.051. License Required - Sec. 2651.051. LICENSE REQUIRED. (a) A title insurance company may...

Section 2651.052. License Application - Sec. 2651.052. LICENSE APPLICATION. (a) Before a direct operation license...

Section 2651.053. License and Renewal Fees - Sec. 2651.053. LICENSE AND RENEWAL FEES. (a) The department shall...

Section 2651.054. License Term - Sec. 2651.054. LICENSE TERM. Unless a system of staggered license...

Section 2651.055. License Renewal - Sec. 2651.055. LICENSE RENEWAL. (a) On or before the expiration...

Section 2651.056. Ceasing Operation of Abstract Plant; Request for License Cancellation - Sec. 2651.056. CEASING OPERATION OF ABSTRACT PLANT; REQUEST FOR LICENSE...

Section 2651.057. Automatic Termination of Licenses - Sec. 2651.057. AUTOMATIC TERMINATION OF LICENSES. If a title insurance...

Section 2651.058. Records of Direct Operations - Sec. 2651.058. RECORDS OF DIRECT OPERATIONS. The department shall maintain...

Section 2651.059. Use of Agents Not Prohibited - Sec. 2651.059. USE OF AGENTS NOT PROHIBITED. This subchapter does...

Subchapter C. Bond and Deposit Requirements

Section 2651.101. Bond Required - Sec. 2651.101. BOND REQUIRED. (a) Each licensed title insurance agent...

Section 2651.102. Alternative to Bond - Sec. 2651.102. ALTERNATIVE TO BOND. (a) Instead of the bond...

Section 2651.103. Examination of Loss Covered by Bond or Deposit - Sec. 2651.103. EXAMINATION OF LOSS COVERED BY BOND OR DEPOSIT....

Section 2651.104. Investigation by Attorney General - Sec. 2651.104. INVESTIGATION BY ATTORNEY GENERAL. (a) On receipt of...

Subchapter D. Annual Audit

Section 2651.151. Annual Audit of Trust Fund Accounts: Title Insurance Agents and Direct Operations - Sec. 2651.151. ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE...

Section 2651.152. Annual Audit of Trust Fund Accounts: Title Insurance Companies - Sec. 2651.152. ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE...

Section 2651.153. Rules - Sec. 2651.153. RULES. The commissioner by rule shall adopt: (1)...

Section 2651.154. Performance of Audit by Public Accountant - Sec. 2651.154. PERFORMANCE OF AUDIT BY PUBLIC ACCOUNTANT. An audit...

Section 2651.155. Confidentiality of Audit - Sec. 2651.155. CONFIDENTIALITY OF AUDIT. The commissioner may classify an...

Section 2651.156. Failure to Receive Audit Report From Agents or Direct Operations - Sec. 2651.156. FAILURE TO RECEIVE AUDIT REPORT FROM AGENTS OR...

Section 2651.157. Enforcement; Hearing - Sec. 2651.157. ENFORCEMENT; HEARING. (a) After notice and hearing, the...

Section 2651.158. Certification of Unencumbered Assets - Sec. 2651.158. CERTIFICATION OF UNENCUMBERED ASSETS. (a) Unless the agent...

Subchapter E. General Regulation of Title Insurance Agents and Direct Operations

Section 2651.201. License Surrender or Forfeiture - Sec. 2651.201. LICENSE SURRENDER OR FORFEITURE. (a) A title insurance...

Section 2651.202. Trust Fund Account Disbursements - Sec. 2651.202. TRUST FUND ACCOUNT DISBURSEMENTS. (a) A title insurance...

Section 2651.203. Disclosure of Ownership and Premium Information - Sec. 2651.203. DISCLOSURE OF OWNERSHIP AND PREMIUM INFORMATION. (a) A...

Section 2651.204. Continuing Education - Sec. 2651.204. CONTINUING EDUCATION. (a) To protect the public and...

Section 2651.205. Title Agent Records - Sec. 2651.205. TITLE AGENT RECORDS. (a) A landlord or storage...

Section 2651.206. Examination Reports - Sec. 2651.206. EXAMINATION REPORTS. (a) An audit, review, or examination...

Subchapter F. Title Insurance Company Powers and Duties Regarding Title Insurance Agents

Section 2651.251. Examination of Trust Fund Accounts by Title Insurance Company - Sec. 2651.251. EXAMINATION OF TRUST FUND ACCOUNTS BY TITLE INSURANCE...

Section 2651.252. Special Reports - Sec. 2651.252. SPECIAL REPORTS. A title insurance company may require...

Section 2651.253. Audit of Unused Forms - Sec. 2651.253. AUDIT OF UNUSED FORMS. (a) A title insurance...

Subchapter G. License Denial and Disciplinary Action

Section 2651.301. Grounds for License Denial or Disciplinary Action - Sec. 2651.301. GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION. The...

Section 2651.3015. Prohibited Grounds for Rejection, Delay, or Denial - Sec. 2651.3015. PROHIBITED GROUNDS FOR REJECTION, DELAY, OR DENIAL. (a)...

Section 2651.302. License Application After Denial, Refusal, or Revocation - Sec. 2651.302. LICENSE APPLICATION AFTER DENIAL, REFUSAL, OR REVOCATION. (a)...

Section 2651.303. Notice of Disciplinary or Enforcement Action; Automatic Dismissal - Sec. 2651.303. NOTICE OF DISCIPLINARY OR ENFORCEMENT ACTION; AUTOMATIC DISMISSAL....

Chapter 2652 - Escrow Officers

Subchapter A. General Provisions

Section 2652.001. License and Bond or Deposit Required - Sec. 2652.001. LICENSE AND BOND OR DEPOSIT REQUIRED. An individual...

Section 2652.002. Employment of Escrow Officer - Sec. 2652.002. EMPLOYMENT OF ESCROW OFFICER. (a) A title insurance...

Section 2652.003. Attorney Acting as Escrow Officer - Sec. 2652.003. ATTORNEY ACTING AS ESCROW OFFICER. (a) Notwithstanding Section...

Section 2652.004. Trust Fund Account Disbursements - Sec. 2652.004. TRUST FUND ACCOUNT DISBURSEMENTS. (a) An escrow officer...

Section 2652.005. Escrow Account Audit - Sec. 2652.005. ESCROW ACCOUNT AUDIT. Each escrow account used by...

Section 2652.006. Record of Escrow Officers; Public Information - Sec. 2652.006. RECORD OF ESCROW OFFICERS; PUBLIC INFORMATION. (a) The...

Subchapter B. License Application and Renewal

Section 2652.051. License Application - Sec. 2652.051. LICENSE APPLICATION. (a) Before an initial license is...

Section 2652.052. License and Renewal Fees - Sec. 2652.052. LICENSE AND RENEWAL FEES. (a) The department shall...

Section 2652.053. License Issuance - Sec. 2652.053. LICENSE ISSUANCE. The department shall issue a license...

Section 2652.054. Duplicate License - Sec. 2652.054. DUPLICATE LICENSE. (a) The department shall collect in...

Section 2652.055. License Term - Sec. 2652.055. LICENSE TERM. Unless a system of staggered license...

Section 2652.056. Procedure for License Renewal - Sec. 2652.056. PROCEDURE FOR LICENSE RENEWAL. An individual may renew...

Section 2652.057. License Surrender or Forfeiture - Sec. 2652.057. LICENSE SURRENDER OR FORFEITURE. (a) An escrow officer...

Section 2652.058. Continuing Education - Sec. 2652.058. CONTINUING EDUCATION. (a) To protect the public and...

Section 2652.059. Denial of License Application or License Renewal; Approval - Sec. 2652.059. DENIAL OF LICENSE APPLICATION OR LICENSE RENEWAL; APPROVAL....

Subchapter C. Bond and Deposit Requirements

Section 2652.101. Bond Required - Sec. 2652.101. BOND REQUIRED. (a) A title insurance agent or...

Section 2652.102. Alternative to Bond - Sec. 2652.102. ALTERNATIVE TO BOND. (a) Instead of the bond...

Section 2652.103. Amount of Bond or Deposit - Sec. 2652.103. AMOUNT OF BOND OR DEPOSIT. (a) The amount...

Section 2652.104. Examination of Loss Covered by Bond or Deposit - Sec. 2652.104. EXAMINATION OF LOSS COVERED BY BOND OR DEPOSIT....

Section 2652.105. Investigation by Attorney General - Sec. 2652.105. INVESTIGATION BY ATTORNEY GENERAL. (a) On receipt of...

Subchapter D. Duties of Title Insurance Agents and Direct Operations Regarding Escrow Officers

Section 2652.151. List of Escrow Officers - Sec. 2652.151. LIST OF ESCROW OFFICERS. (a) A title insurance...

Section 2652.1511. Appointment of Escrow Officer - Sec. 2652.1511. APPOINTMENT OF ESCROW OFFICER. (a) An escrow officer...

Section 2652.153. Notice of Termination - Sec. 2652.153. NOTICE OF TERMINATION. A title insurance agent or...

Subchapter E. License Denial and Disciplinary Action

Section 2652.201. Grounds for License Denial or Disciplinary Action - Sec. 2652.201. GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION. (a)...

Section 2652.2015. Prohibited Grounds for Delay or Denial - Sec. 2652.2015. PROHIBITED GROUNDS FOR DELAY OR DENIAL. (a) Except...

Section 2652.202. License Application After Denial, Refusal, or Revocation - Sec. 2652.202. LICENSE APPLICATION AFTER DENIAL, REFUSAL, OR REVOCATION. (a)...

Section 2652.203. Notice of Disciplinary or Enforcement Action; Automatic Dismissal - Sec. 2652.203. NOTICE OF DISCIPLINARY OR ENFORCEMENT ACTION; AUTOMATIC DISMISSAL....

Subtitle E - The Business of Title Insurance

Chapter 2701 - General Provisions

Section 2701.001. Abstract of Title Distinguished; Prohibition on Regulation of Abstract of Title - Sec. 2701.001. ABSTRACT OF TITLE DISTINGUISHED; PROHIBITION ON REGULATION OF...

Section 2701.002. Construction of Chapter 601, Business & Commerce Code - Sec. 2701.002. CONSTRUCTION OF CHAPTER 601, BUSINESS & COMMERCE CODE....

Chapter 2702 - Closing and Settlement

Subchapter A. Insured Closing and Settlement Letters

Section 2702.001. Insured Closing and Settlement Letter: Loans - Sec. 2702.001. INSURED CLOSING AND SETTLEMENT LETTER: LOANS. (a) On...

Section 2702.002. Insured Closing and Settlement Letter: Certain Buyers or Sellers - Sec. 2702.002. INSURED CLOSING AND SETTLEMENT LETTER: CERTAIN BUYERS OR...

Section 2702.003. Effect of Failure to Issue Insured Closing and Settlement Letter - Sec. 2702.003. EFFECT OF FAILURE TO ISSUE INSURED CLOSING AND...

Subchapter B. Uniform Closing and Settlement Statements

Section 2702.051. Applicability - Sec. 2702.051. APPLICABILITY. This subchapter does not apply to the...

Section 2702.052. Duty to Prescribe Uniform Closing and Settlement Statement Forms - Sec. 2702.052. DUTY TO PRESCRIBE UNIFORM CLOSING AND SETTLEMENT STATEMENT...

Section 2702.053. Content of Closing and Settlement Statement - Sec. 2702.053. CONTENT OF CLOSING AND SETTLEMENT STATEMENT. (a) Each...

Section 2702.054. Use of Alternate Settlement Statement Form Permitted - Sec. 2702.054. USE OF ALTERNATE SETTLEMENT STATEMENT FORM PERMITTED. A...

Subchapter C. Advance Disclosure of Closing and Settlement Costs in Transactions Involving Residential Real Property

Section 2702.101. Applicability - Sec. 2702.101. APPLICABILITY. This subchapter does not apply to the...

Section 2702.102. Duty to Provide Advance Disclosure of Closing and Settlement Costs - Sec. 2702.102. DUTY TO PROVIDE ADVANCE DISCLOSURE OF CLOSING AND...

Section 2702.103. Title Insurance Company or Title Insurance Agent Not Subject to Requirements Applicable to Lenders - Sec. 2702.103. TITLE INSURANCE COMPANY OR TITLE INSURANCE AGENT NOT...

Chapter 2703 - Policy Forms and Premium Rates

Subchapter A. General Provisions

Section 2703.001. Compliance With Title and Rules - Sec. 2703.001. COMPLIANCE WITH TITLE AND RULES. (a) This section...

Section 2703.002. Use of Forms in General - Sec. 2703.002. USE OF FORMS IN GENERAL. A title insurance...

Section 2703.003. Payment of Premiums - Sec. 2703.003. PAYMENT OF PREMIUMS. The premium for a title...

Subchapter B. Policy Provisions

Section 2703.051. Certain Provisions Required - Sec. 2703.051. CERTAIN PROVISIONS REQUIRED. A title insurance policy delivered...

Section 2703.0515. Certain Requirements Prohibited - Sec. 2703.0515. CERTAIN REQUIREMENTS PROHIBITED. (a) A title insurance company...

Section 2703.052. Duty of Title Insurance Company - Sec. 2703.052. DUTY OF TITLE INSURANCE COMPANY. (a) On a...

Section 2703.053. Establishment of Standards and Schedules - Sec. 2703.053. ESTABLISHMENT OF STANDARDS AND SCHEDULES. The commissioner by...

Section 2703.054. Authority of Commissioner in Implementing Subchapter - Sec. 2703.054. AUTHORITY OF COMMISSIONER IN IMPLEMENTING SUBCHAPTER. (a) The...

Section 2703.055. Requirement of Certain Provisions Prohibited - Sec. 2703.055. REQUIREMENT OF CERTAIN PROVISIONS PROHIBITED. The commissioner may...

Section 2703.056. Exceptions; Mineral Interests - Sec. 2703.056. EXCEPTIONS; MINERAL INTERESTS. (a) Subject to the underwriting...

Subchapter C. Policy Forms for Residential Real Property

Section 2703.101. Policy Forms for Residential Real Property - Sec. 2703.101. POLICY FORMS FOR RESIDENTIAL REAL PROPERTY. (a) The...

Subchapter D. Fixing and Promulgating Premium Rates

Section 2703.151. Fixing and Promulgating Premium Rates - Sec. 2703.151. FIXING AND PROMULGATING PREMIUM RATES. (a) Except as...

Section 2703.152. Factors Considered in Fixing Premium Rates - Sec. 2703.152. FACTORS CONSIDERED IN FIXING PREMIUM RATES. (a) In...

Section 2703.153. Collection of Data for Fixing Premium Rates; Annual Statistical Report - Sec. 2703.153. COLLECTION OF DATA FOR FIXING PREMIUM RATES; ANNUAL...

Subchapter E. Procedures Regarding Premium Rates, Policy Forms, and Other Related Matters

Section 2703.201. Hearing Required for Fixing Premium Rate - Sec. 2703.201. HEARING REQUIRED FOR FIXING PREMIUM RATE. Before a...

Section 2703.202. Hearing Required for Change in Premium Rate - Sec. 2703.202. HEARING REQUIRED FOR CHANGE IN PREMIUM RATE. (a)...

Section 2703.203. Periodic Hearing - Sec. 2703.203. PERIODIC HEARING. The commissioner shall hold a public...

Section 2703.204. Admission as Party to Hearing - Sec. 2703.204. ADMISSION AS PARTY TO HEARING. (a) Subject to...

Section 2703.206. Commissioner Authority to Hold Hearings as Necessary - Sec. 2703.206. COMMISSIONER AUTHORITY TO HOLD HEARINGS AS NECESSARY. At...

Section 2703.207. Notice of Certain Hearings - Sec. 2703.207. NOTICE OF CERTAIN HEARINGS. Not later than the...

Section 2703.208. Additions or Amendments to Manual - Sec. 2703.208. ADDITIONS OR AMENDMENTS TO MANUAL. (a) An addition...

Chapter 2704 - Issuance of Policy or Contract; Determination of Insurability

Subchapter A. General Provisions

Section 2704.001. Issuance of Policy or Contract - Sec. 2704.001. ISSUANCE OF POLICY OR CONTRACT. A title insurance...

Section 2704.002. Direct Issuance of Policy or Contract - Sec. 2704.002. DIRECT ISSUANCE OF POLICY OR CONTRACT. A title...

Section 2704.003. Copy of Policy or Contract to Agent or Direct Operation - Sec. 2704.003. COPY OF POLICY OR CONTRACT TO AGENT OR...

Section 2704.004. Exceptions to Applicability of Chapter - Sec. 2704.004. EXCEPTIONS TO APPLICABILITY OF CHAPTER. This chapter does...

Subchapter B. Issuance of Owner and Mortgagee Policies for Residential Real Property

Section 2704.051. Issuance of Owner Policy Required in Connection With Issuance of Mortgagee Policy - Sec. 2704.051. ISSUANCE OF OWNER POLICY REQUIRED IN CONNECTION WITH...

Section 2704.052. Rejection of Issuance of Owner Policy - Sec. 2704.052. REJECTION OF ISSUANCE OF OWNER POLICY. At or...

Subchapter C. Title Insurance Covering Areas and Boundaries

Section 2704.101. Definition - Sec. 2704.101. DEFINITION. In this subchapter, "area and boundary coverage"...

Section 2704.102. Rules Authorizing Acceptance of Existing Survey - Sec. 2704.102. RULES AUTHORIZING ACCEPTANCE OF EXISTING SURVEY. (a) The...

Section 2704.103. Certain Discrimination Prohibited - Sec. 2704.103. CERTAIN DISCRIMINATION PROHIBITED. A title insurance company may...

Section 2704.104. Indemnity Prohibited - Sec. 2704.104. INDEMNITY PROHIBITED. A title insurance company may not...

Subtitle F - Title Insurance for Certain Personal Property Interests

Chapter 2751 - Title Insurance for Personal Property Interests

Subchapter A. General Provisions

Section 2751.001. General Definitions - Sec. 2751.001. GENERAL DEFINITIONS. (a) The definitions under Sections 2501.003(2)-(5),...

Section 2751.002. Definitions of Personal Property and Personal Property Title Insurance - Sec. 2751.002. DEFINITIONS OF PERSONAL PROPERTY AND PERSONAL PROPERTY TITLE...

Section 2751.003. Applicability of Other Laws - Sec. 2751.003. APPLICABILITY OF OTHER LAWS. (a) Except as provided...

Section 2751.004. General Rules - Sec. 2751.004. GENERAL RULES. The commissioner, in the manner prescribed...

Subchapter B. Rates and Forms

Section 2751.051. Fixing and Promulgating Premium Rates and Forms - Sec. 2751.051. FIXING AND PROMULGATING PREMIUM RATES AND FORMS. (a)...

Section 2751.052. Factors Considered in Fixing Premium Rates - Sec. 2751.052. FACTORS CONSIDERED IN FIXING PREMIUM RATES. (a) In...

Section 2751.053. Hearing Required - Sec. 2751.053. HEARING REQUIRED. (a) Before a premium rate may...

Section 2751.054. Commissioner Order - Sec. 2751.054. COMMISSIONER ORDER. (a) Not later than the 90th...

Section 2751.055. Revisions to Rates and Forms; Hearing - Sec. 2751.055. REVISIONS TO RATES AND FORMS; HEARING. (a) A...

Subchapter C. Powers and Duties of Insurers and Agents

Section 2751.101. Issuance of Policies - Sec. 2751.101. ISSUANCE OF POLICIES. A title insurance company may...

Section 2751.102. Use of Forms - Sec. 2751.102. USE OF FORMS. (a) A title insurance company...

Section 2751.103. Agents - Sec. 2751.103. AGENTS. A title insurance agent or direct operation...

Section 2751.104. Agent Compensation - Sec. 2751.104. AGENT COMPENSATION. (a) The title insurance company that...

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Texas Statutes Insurance Code Title 11 - Title Insurance

Texas Statutes
Insurance Code
Title 11 - Title Insurance