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Texas Insurance Code - Chapter 2552 Attorney's Title Insurance Companies And Title AttorneysLegal Research Home > Texas Laws > Insurance Code > Texas Insurance Code - Chapter 2552 Attorney's Title Insurance Companies And Title Attorneys (a) Except as otherwise expressly provided by this chapter, the purpose of this chapter is to regulate an attorney's title insurance company in the same ... In this chapter: (1) "Attorney's title insurance" means: (A) insurance that: (i) insures, guarantees, or indemnifies an owner of real property in this state, or ... Except as otherwise expressly provided by this chapter: (1) this title applies to an attorney's title insurance company; (2) the provisions of this title that ... (a) The business of attorney's title insurance may be engaged in only by an attorney's title insurance company through a title attorney appointed by an ... A title insurance company, title insurance agent, or escrow officer of a title insurance agent licensed under this title to engage in the business of ... The department shall maintain a record of the name and address of each title attorney in a manner that allows a person on request to ... Attorney's title insurance may not be issued for any premium or fee other than the applicable prescribed premium as provided by Subchapters D and E, ... Fifteen or more members of the State Bar of Texas who are residents of this state may organize a private corporation to act as an ... (a) At the time of organization, an attorney's title insurance company must have the capital and surplus required of a title insurance company under Section ... (a) An association of the organized State Bar of Texas, the State Bar of Texas, or any foundation created by or through the State Bar ... (a) The capital shares of an attorney's title insurance company are subject to the right of reacquisition of the shares by the attorney's title insurance ... (a) As part of the application for the approval of the charter of an attorney's title insurance company, the applicants must file with the department ... (a) All state laws, other than this title, that provide for supervision, registration, or regulation in connection with the sale, issuance, or offering of securities ... To act as a title attorney in this state for an attorney's title insurance company, an attorney must: (1) be a member in good standing ... (a) Before an initial license is issued to an attorney to act as a title attorney in this state for an attorney's title insurance company, ... (a) The department shall issue a title attorney's license if the department determines, based on the application and the department's investigation, that the requirements of ... (a) The department shall collect in advance a fee from a license holder who requests a duplicate title attorney's license. (b) The department shall prescribe ... Unless a system of staggered renewal is adopted under Section 4003.002, a title attorney's license expires on June 1 following the date of issuance. Added ... The license of each title attorney appointed by an attorney's title insurance company that surrenders its certificate of authority or has its certificate revoked by ... (a) A title attorney may voluntarily surrender the title attorney's license at any time by giving notice to the department and to the attorney's title ... (a) Not later than the 30th day after the date an attorney's title insurance company terminates its contract with a title attorney or gives notice ... (a) A title attorney must be appointed by an attorney's title insurance company by contract. (b) The contract must make arrangements for division of premium ... (a) A title attorney must: (1) own or lease and control a licensed abstract plant; (2) participate in a bona fide joint abstract plant operation; ... (a) A title attorney may enter into a contract with a licensed abstract plant under which the abstract plant provides title evidence to the title ... (a) A title attorney shall make, file, and pay for a surety bond payable to the department in the amount of $7,500 and issued by ... (a) At any time it appears that the terms of a title attorney's bond may have been violated, the department may require the title attorney ... (a) On receipt of a written statement under Section 2552.155, the attorney general shall investigate the charges and, on determining that the terms of the ... A title attorney may issue a title insurance policy for an attorney's title insurance company only if the title attorney: (1) is appointed by the ... A title attorney may deliver, but not issue, a title insurance policy in conformity with Subchapter A, Chapter 2704, if: (1) the title attorney does ... An attorney's title insurance company may not permit an attorney to act as its title attorney in this state, including by writing, signing, or delivering ... (a) An attorney's title insurance company shall certify to the department the name and address of each title attorney appointed by the attorney's title insurance ... An attorney's title insurance company shall apply for license renewal and pay a fee prescribed by the department in an amount not to exceed $50 ... An attorney's title insurance company that terminates the appointment of a title attorney shall: (1) immediately notify the department in writing of the termination and ... (a) A title attorney shall have an annual audit made of trust fund accounts. The title attorney shall pay for the audit. (b) The audit ... (a) An attorney's title insurance company shall examine and analyze the annual audit report received from each of its title attorneys under Section 2552.251. (b) ... (a) An attorney's title insurance company, through its examiners or auditors or through independent certified public accountants commissioned by the attorney' s title insurance company, ... (a) After notice and hearing, the department may revoke the license of a title attorney who: (1) fails to furnish an annual audit report within ... The department may deny an application for a title attorney's license or discipline a title attorney under Sections 4005.102, 4005.103, and 4005.104 if the department ... (a) An applicant whose license application has been denied or refused or a license holder whose license has been revoked under this subchapter may not ... Last modified: August 11, 2007 |
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