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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Subject to Subsection (c), the department shall issue a certificate of authority to engage in the business of title insurance if, following any examination the department considers proper, the department makes a determination favorable to the title insurance company with respect to:
(1) the payment of capital stock and surplus as required by this title; and
(2) the value of the assets used to pay the capital stock and surplus.
(b) The title insurance company shall pay the expense of any examination conducted under Subsection (a).
(c) Issuance of a certificate of authority to a foreign corporation is governed by Section 2553.001.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2551.102. Issuance of Certificate of Authority - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2551-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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