Sec. 2602.051. ASSOCIATION AS LEGAL ENTITY; SUPERVISION; MEMBERSHIP. (a) The Texas Title Insurance Guaranty Association is a nonprofit legal entity.
(b) The association is subject to the applicable insurance laws of this state and the immediate supervision of the commissioner.
(c) A title insurance company may not engage in the business of title insurance in this state unless the company is a member of the association.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter B. Governance of Texas Title Insurance Guaranty Association
Section 2602.051. Association as Legal Entity; Supervision; Membership
Section 2602.052. Board of Directors
Section 2602.053. Eligibility to Serve as Public Representative
Section 2602.054. Term; Vacancy
Section 2602.055. Compensation of Board Members
Section 2602.057. Rights of Title Insurance Company With Representative on Board