Texas Insurance Code 2651.001 – License and Bond or Deposit Required
Current as of: 2024 | Check for updates
|
Other versions
(a) An individual, firm, association, or corporation may not act in this state as a title insurance agent for a title insurance company unless the individual or entity:
(1) holds a license as an agent issued by the department; and
(2) maintains a surety bond or deposit required under Subchapter C.
(b) A title insurance company may not allow or permit an individual, firm, association, or corporation to act as its agent in this state unless the individual or entity complies with this section.
Terms Used In Texas Insurance Code 2651.001
- 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.