Texas § IN.2551.251 - STATUTORY PREMIUM RESERVE REQUIRED

Full text of Texas The Texas Constitution § IN.2551.251 — STATUTORY PREMIUM RESERVE REQUIRED, with citation guidance and answers to common questions.

§ IN.2551.251. STATUTORY PREMIUM RESERVE REQUIRED

STATUTORY PREMIUM RESERVE REQUIRED. (a) Each domestic title insurer shall establish and maintain a statutory premium reserve. The reserve is cumulative. The reserve must consist of the amounts required under Sections 2551.252-2551.260 and must be established and maintained during the period and for the uses and purposes provided by those sections. (b) The reserve required under this section: (1) is considered to be unearned portions of the original premium; and (2) must be charged as a reserve liability of the title insurer in determining the insurer's financial condition. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

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Frequently Asked Questions About Texas § IN.2551.251

What does The Texas Constitution § IN.2551.251 cover?

Section IN.2551.251 ("STATUTORY PREMIUM RESERVE REQUIRED") 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.2551.251?

A common citation format is "The Texas Constitution § IN.2551.251" (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.2551.251 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.