Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 11. TITLE INSURANCE |
Subtitle C. FINANCIAL SOLVENCY |
Chapter 2602. TEXAS TITLE INSURANCE GUARANTY ASSOCIATION |
Subchapter B. GOVERNANCE OF TEXAS TITLE INSURANCE GUARANTY ASSOCIATION |
Sec. 2602.051. ASSOCIATION AS LEGAL ENTITY; SUPERVISION; MEMBERSHIP
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(a) The Texas Title Insurance Guaranty Association is a nonprofit legal entity.
(b) The association is subject to the applicable insurance laws of this state and the immediate supervision of the commissioner.
(c) A title insurance company may not engage in the business of title insurance in this state unless the company is a member of the association.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.