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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A title insurance agent or direct operation may voluntarily surrender at any time a license issued under this chapter by giving notice to:
(1) the department; and
(2) the affected title insurance company.
(b) A title insurance agent or direct operation that terminates the agency contract with a title insurance company automatically forfeits the license under that company.
(c) A surrender or forfeiture of a license under this section does not affect the culpability of the license holder for conduct committed before the effective date of the surrender or forfeiture. The department may institute a disciplinary proceeding against the former license holder for conduct committed before the effective date of the surrender or forfeiture.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 2651.201. License Surrender or Forfeiture - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2651-201/
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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