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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 11. TITLE INSURANCE |
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Subtitle B. ORGANIZATION OF TITLE INSURANCE COMPANIES |
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Chapter 2552. ATTORNEY'S TITLE INSURANCE COMPANIES AND TITLE ATTORNEYS |
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Subchapter C. TITLE ATTORNEY'S LICENSE AND RENEWAL |
Sec. 2552.101. LICENSE AND OTHER GENERAL REQUIREMENTS
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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 of the State Bar of Texas;
(2) own one or more shares of stock in the attorney's title insurance company by which the attorney is appointed;
(3) be actively engaged in the practice of law;
(4) meet the requirements prescribed by this chapter regarding an abstract plant;
(5) be appointed by an attorney's title insurance company as its title attorney authorized by the attorney's title insurance company to solicit insurance, collect premiums, and issue or countersign policies on behalf of the attorney's title insurance company;
(6) be certified as a title attorney to the department;
(7) hold a license issued by the department under this subchapter; and
(8) maintain a surety bond or deposit as required by Section 2552.154.