Texas § IN.2551.053 - STOCK AND SURPLUS REQUIREMENTS

Full text of Texas The Texas Constitution § IN.2551.053 — STOCK AND SURPLUS REQUIREMENTS, with citation guidance and answers to common questions.

§ IN.2551.053. STOCK AND SURPLUS REQUIREMENTS

STOCK AND SURPLUS REQUIREMENTS. (a) A title insurance company must have a paid-up capital of at least $1 million and a surplus of at least $1 million. (b) The capital stock and minimum surplus requirements of a title insurance company must be maintained intact over and above all outstanding liabilities, except contingent liabilities on title insurance policies. (c) If a title insurance company suffers the impairment of its capital stock or minimum surplus requirements, the company shall immediately report the impairment to the department. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. Amended by: Acts 2017, 85th Leg., R.S., Ch. 967 (S.B. 2065 ), Sec. 5.007, eff. September 1, 2017.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.2551.053

What does The Texas Constitution § IN.2551.053 cover?

Section IN.2551.053 ("STOCK AND SURPLUS REQUIREMENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Texas § IN.2551.053?

A common citation format is "The Texas Constitution § IN.2551.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Texas law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.

How does Texas § IN.2551.053 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Texas.