Texas Insurance Code Title 11, Chapter 2552 - Attorney's Title Insurance Companies And Title Attorneys

SUBCHAPTER A GENERAL PROVISIONS

• Texas Section 2552.001 - Purpose; Legislative Intent
  (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...
• Texas Section 2552.002 - Definitions
  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...
• Texas Section 2552.003 - Applicability Of Title 11
  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...
• Texas Section 2552.004 - Business Of Attorney's Title Insurance
  (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...
• Texas Section 2552.005 - Other Title Insurance Companies And Agents Prohibited
  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...
• Texas Section 2552.006 - Record Of Title Attorneys
  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...

SUBCHAPTER B ORGANIZATION OF ATTORNEY'S TITLE INSURANCE COMPANY

• Texas Section 2552.007 - Other Premium Or Fee Prohibited
  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,...
• Texas Section 2552.051 - Organizing Members
  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...
• Texas Section 2552.052 - Capital Share And Surplus Requirements Generally
  (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...
• Texas Section 2552.053 - Capital Share And Surplus Requirements For State Bar Entity
  (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...
• Texas Section 2552.054 - Reacquisition Of Shares
  (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...
• Texas Section 2552.055 - Reacquisition Plan Required
  (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...

SUBCHAPTER C TITLE ATTORNEY'S LICENSE AND RENEWAL

• Texas Section 2552.056 - Inapplicability Of Laws Regulating Securities
  (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...
• Texas Section 2552.101 - License And Other General Requirements
  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...
• Texas Section 2552.102 - License Application
  (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,...
• Texas Section 2552.103 - License Issuance And Delivery
  (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...
• Texas Section 2552.104 - Duplicate License
  (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...
• Texas Section 2552.105 - License Term
  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...
• Texas Section 2552.106 - Automatic Termination Of License
  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...
• Texas Section 2552.107 - License Surrender Or Forfeiture
  (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...

SUBCHAPTER D TITLE ATTORNEY GENERAL REQUIREMENTS

• Texas Section 2552.108 - Continuation Of License
  (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...
• Texas Section 2552.151 - Contract Required For Appointment
  (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...
• Texas Section 2552.152 - Abstract Plant Requirements
  (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;...
• Texas Section 2552.153 - Contract With Licensed Abstract Plant
  (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...
• Texas Section 2552.154 - Bond Or Deposit Required
  (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...
• Texas Section 2552.155 - Examination Of Loss Covered By Bond
  (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...
• Texas Section 2552.156 - Investigation By Attorney General
  (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...
• Texas Section 2552.157 - Authority To Issue Policy
  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...

SUBCHAPTER E POWERS AND DUTIES OF ATTORNEY'S TITLE INSURANCE COMPANIES

• Texas Section 2552.158 - Authority To Deliver But Not Issue Policy
  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...
• Texas Section 2552.201 - Acting As Title Attorney
  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...
• Texas Section 2552.202 - List Of Title Attorneys
  (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...
• Texas Section 2552.203 - Renewal
  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...

SUBCHAPTER F AUDIT AND EXAMINATION REQUIREMENTS RELATING TO TRUST FUND ACCOUNTS

• Texas Section 2552.204 - Notice Of Termination
  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...
• Texas Section 2552.251 - Annual Audit
  (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...
• Texas Section 2552.252 - Analysis Of Annual 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)...
• Texas Section 2552.253 - Examination Of Trust Fund Accounts; Transaction Reports
  (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,...

SUBCHAPTER G LICENSE DENIAL AND DISCIPLINARY ACTION

• Texas Section 2552.254 - Enforcement; Hearing
  (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...
• Texas Section 2552.301 - Grounds For License Denial Or Disciplinary Action
  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...
• Texas Section 2552.302 - License Application After Denial, Refusal, Or Revocation
  (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: September 28, 2016