Section 2553.002 - Capital and Surplus Requirements(a) A foreign corporation may not engage in the business of title insurance in this state unless the corporation has unimpaired capital in an amount of at least $1 million and a surplus in an amount of at least $1 million.(b) The foreign corporation must demonstrate the required capital and surplus from its financial statement and any other examination the department may want to conduct.Tex. Ins. Code § 2553.002
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.