Tex. Ins. Code Section 2551.202
Exception: Foreign Title Insurance Company

(a)

A foreign title insurance company is not required to make a deposit under Section 2551.201 (Deposit Required; Amount) if the company has on deposit with insurance regulatory bodies in the United States an aggregate amount of deposit that:

(1)

is equal to the amount required by Section 2551.201 (Deposit Required; Amount); and

(2)

secures all policyholders of the company, regardless of their location.

(b)

The foreign title insurance company must file with the department a certificate of deposit under the hand and seal of each insurance regulatory body holding a deposit of the company.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2551.202 — Exception: Foreign Title Insurance Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2551.­htm#2551.­202 (accessed Apr. 20, 2024).

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Accessed:
Apr. 20, 2024

§ 2551.202’s source at texas​.gov