Tex. Ins. Code Section 2551.201
Deposit Required; Amount


(a)

Except as provided by Section 2551.202 (Exception: Foreign Title Insurance Company), a title insurance company shall deposit and maintain in the state treasury, or other depository in this state named by the company and approved by the department, either:

(1)

cash; or

(2)

securities described by Section 2551.151 (Admissible Investments).

(b)

A title insurance company’s deposit under this section must be in an amount equal to the lesser of:

(1)

one-fourth of the authorized capital of the company; or

(2)

$100,000.

(c)

A deposit under this section is for the benefit of all policyholders.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2551.201 — Deposit Required; Amount, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2551.­htm#2551.­201 (accessed Apr. 13, 2024).

Accessed:
Apr. 13, 2024

§ 2551.201’s source at texas​.gov