Section 2551.053 - Stock and Surplus Requirements(a) A title insurance company must have a paid-up capital of at least $1 million and a surplus of at least $1 million.(b) The capital stock and minimum surplus requirements of a title insurance company must be maintained intact over and above all outstanding liabilities, except contingent liabilities on title insurance policies.(c) If a title insurance company suffers the impairment of its capital stock or minimum surplus requirements, the company shall immediately report the impairment to the department.Tex. Ins. Code § 2551.053
Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 967,Sec. 5.007, eff. 9/1/2017.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.