Texas Insurance Code 2551.202 – Exception: Foreign Title Insurance Company
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(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.
Terms Used In Texas Insurance Code 2551.202
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005