Texas § IN.2551.301 - MAXIMUM POLICY LIABILITY

Full text of Texas The Texas Constitution § IN.2551.301 — MAXIMUM POLICY LIABILITY, with citation guidance and answers to common questions.

§ IN.2551.301. MAXIMUM POLICY LIABILITY

MAXIMUM POLICY LIABILITY. (a) Except as provided by Subsection (b), a title insurance company may issue a title insurance policy on any real property located in this state involving a potential policy liability of not more than 50 percent of the sum of the company's surplus as regards policyholders and the company's statutory premium reserves as stated in the most recent annual statement of the company. (b) A title insurance company may exceed the limit described by Subsection (a) if the excess liability is reinsured in due course in accordance with Section 2551.302 , 2551.305 , or 2551.3055 . Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. Amended by: Acts 2015, 84th Leg., R.S., Ch. 38 (S.B. 572 ), Sec. 1, eff. September 1, 2015.

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Frequently Asked Questions About Texas § IN.2551.301

What does The Texas Constitution § IN.2551.301 cover?

Section IN.2551.301 ("MAXIMUM POLICY LIABILITY") 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.2551.301?

A common citation format is "The Texas Constitution § IN.2551.301" (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.2551.301 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.