Texas Insurance Code 2553.003 – Taxes and Fees
Current as of: 2024 | Check for updates
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(a) A corporation organized and incorporated under the laws of another state, territory, or country for the purpose of engaging in the business of title insurance shall pay the same filing fees and occupation tax as a foreign casualty company is required to pay to obtain a permit to engage in the business of insurance in this state.
(b) A foreign title insurance company described by Subsection (a) is not required to pay a franchise tax.
Terms Used In Texas Insurance Code 2553.003
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.