Sec. 2551.302. REQUIREMENTS FOR REINSURING POLICIES. A title insurance company may reinsure any of its policies and contracts issued on real property located in this state or on policies and contracts issued in this state under Chapter 2751, if:
(1) the reinsuring title insurance company is authorized to engage in business in this state under this title; or
(2) the title insurance company acquires reinsurance in accordance with Section 2551.305 or 2551.3055.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 543 (S.B. 1153), Sec. 6, eff. September 1, 2007.
Acts 2011, 82nd Leg., R.S., Ch. 1059 (S.B. 322), Sec. 2, eff. September 1, 2011.
Acts 2015, 84th Leg., R.S., Ch. 38 (S.B. 572), Sec. 2, eff. September 1, 2015.
Structure Texas Statutes
Subtitle B - Organization of Title Insurance Companies
Subchapter G. Liability and Reinsurance
Section 2551.301. Maximum Policy Liability
Section 2551.302. Requirements for Reinsuring Policies
Section 2551.304. Acceptance of Reinsurance
Section 2551.305. Reinsurance From Non-Admitted Title Insurer
Section 2551.3055. Reinsurance From Insurer Other Than Title Insurer