Section 2551.202 - Exception: Foreign Title Insurance Company(a) A foreign title insurance company is not required to make a deposit under Section 2551.201 if the company has on deposit with insurance regulatory bodies in the United States an aggregate amount of deposit that: (1) is equal to the amount required by Section 2551.201; and(2) secures all policyholders of the company, regardless of their location.(b) The foreign title insurance company must file with the department a certificate of deposit under the hand and seal of each insurance regulatory body holding a deposit of the company.Tex. Ins. Code § 2551.202
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.