{"data":{"id":"us-tx/tex.-insurance-code-2502.054","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2502.054","heading":"CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED.","body":"(a) For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the title insurance company or by a wholly owned subsidiary of the title insurance company.\n(b) This subchapter does not:\n(1) prohibit a title insurance company from:\n(A) appointing as its title insurance agent for a county a person who owns or leases and operates an abstract plant for that county; and\n(B) arranging for a division of premiums with the agent as set by the commissioner; or\n(2) affect the division of a premium between a title insurance company and its subsidiary title insurance agent when the company directly issues a title insurance policy or contract under Section 2704.002.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 11. TITLE INSURANCE","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 2502. PROHIBITED CONDUCT","SUBCHAPTER B. REBATES AND DISCOUNTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2502.htm#2502.054","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"91599162ad61fb2281d2c7b3374ad4c6152ef7c443f1a7d82ebe3cb82caa55af","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2502.053","next":"us-tx/tex.-insurance-code-2502.055"},"notice":"GroundRules: Original legal text. Not legal advice."}