{"data":{"id":"us-tx/tex.-insurance-code-2602.057","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2602.057","heading":"RIGHTS OF TITLE INSURANCE COMPANY WITH REPRESENTATIVE ON BOARD.","body":"(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.\n(b) A conflict of interest does not arise from entering into a contract described by this section.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 775 (H.B. 1614), Sec. 3, eff. September 1, 2019.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2602.htm#2602.057","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"f4cbabbe91129f8a548c60025958ef76833249ba39dc98fe3f2b7b7c5c1775f6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2602.055","next":"us-tx/tex.-insurance-code-2602.101"},"notice":"GroundRules: Original legal text. Not legal advice."}