Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 2602.057: RIGHTS OF TITLE INSURANCE COMPANY WITH REPRESENTATIVE ON BOARD.

Where this section sits in the code

INSURANCE CODE
TITLE 11. TITLE INSURANCE
SUBTITLE C. FINANCIAL SOLVENCY
CHAPTER 2602. TEXAS TITLE INSURANCE GUARANTY ASSOCIATION
SUBCHAPTER B. GOVERNANCE OF TEXAS TITLE INSURANCE GUARANTY ASSOCIATION

(a) A title insurance company is not prohibited, because the company has an officer, director, or employee serving as a board member, from negotiating for or entering into a contract of reinsurance or assumption of liability or a contract of substitution to provide for liabilities for covered claims with the association, the commissioner, or the receiver or conservator of an impaired title insurance company or agent.

(b) A conflict of interest does not arise from entering into a contract described by this section.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Amended by:

Acts 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614), Sec. 3, eff. September 1, 2019.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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