Sec. 2551.260. EFFECT OF INSOLVENCY OR DISSOLUTION. On the insolvency or dissolution of a title insurer, the statutory premium reserve and supplemental reserve fund shall be used to protect title insurance policyholders, even if no accrued title insurance claims exist and other unpaid obligations do exist.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle B - Organization of Title Insurance Companies
Section 2551.251. Statutory Premium Reserve Required
Section 2551.252. Amounts Added to Reserve for Calendar Year 1997; Reductions
Section 2551.253. Amounts Added to Reserve for Calendar Years After 1997; Reductions
Section 2551.254. Transitional Release; Transitional Charge
Section 2551.255. Runoff Balance
Section 2551.256. Actuarial Certification
Section 2551.257. Supplemental Reserve
Section 2551.258. Reevaluation of Certain Reserve Requirements
Section 2551.259. Statutory Premium Reserve and Supplemental Reserve Fund
Section 2551.260. Effect of Insolvency or Dissolution
Section 2551.261. Reserve for Unpaid Losses and Loss Expenses