Texas Insurance Code 2502.001 – Engaging in Certain Insurance Business Prohibited
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(a) A domestic or foreign corporation operating under this title may not engage in the business of any kind of insurance other than title insurance.
(b) A company may not engage in the business of title insurance if the company engages in the business of another kind of insurance.
Terms Used In Texas Insurance Code 2502.001
- 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.