Tex. Ins. Code § 2551.305

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2551.305 - Reinsurance From Non-Admitted Title Insurer

Notwithstanding any other provision of this subchapter, a title insurance company may acquire reinsurance on an individual policy or facultative basis from a title insurance company not authorized to engage in the business of title insurance in this state if the title insurance company from which the reinsurance is acquired:

(1) has a combined capital and surplus of at least $20 million as stated in the company's most recent annual statement preceding the acceptance of reinsurance; and

(2) is domiciled in another state and is authorized to engage in the business of title insurance in one or more states.

Tex. Ins. Code § 2551.305

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 38,Sec. 3, eff. 9/1/2015.

Amended by Acts 2013, 83rd Leg. - Regular Session, ch. 1056,Sec. 2, eff. 9/1/2013.

Amended By Acts 2011, 82nd Leg., R.S., Ch. 1059, Sec. 3, eff. 9/1/2011.