Tex. Ins. Code Section 2502.054
Certain Divisions of Premiums Not Prohibited


(a)

For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the title insurance company or by a wholly owned subsidiary of the title insurance company.

(b)

This subchapter does not:

(1)

prohibit a title insurance company from:

(A)

appointing as its title insurance agent for a county a person who owns or leases and operates an abstract plant for that county; and

(B)

arranging for a division of premiums with the agent as set by the commissioner; or

(2)

affect the division of a premium between a title insurance company and its subsidiary title insurance agent when the company directly issues a title insurance policy or contract under Section 2704.002 (Direct Issuance of Policy or Contract).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2502.054 — Certain Divisions of Premiums Not Prohibited, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2502.­htm#2502.­054 (accessed Nov. 25, 2023).

Accessed:
Nov. 25, 2023

§ 2502.054’s source at texas​.gov