(a) Before a direct operation license is issued to a title insurance company, the company must file an application for a direct operation license on forms provided by the department.
(b) The application must be:
(1) accompanied by a nonrefundable license fee; and
(2) signed and sworn to by the title insurance company.

Terms Used In Texas Insurance Code 2651.052

  • 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.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011

(c) The completed application must state that:
(1) the title insurance company is a Texas corporation or a foreign corporation holding a certificate of authority to insure titles to real property in this state and meets the requirements of this title; and
(2) the abstract plant to be licensed:
(A) complies with department requirements relating to abstract plants; and
(B) has been approved by the department.

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