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Texas Insurance Code - INS § 2551.202. Exception:  Foreign Title Insurance Company

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A foreign title insurance company is not required to make a deposit under Section 2551.201 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;  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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2551.202. Exception:  Foreign Title Insurance Company - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2551-202/

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