Sec. 2502.054.  CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED.  (a)  For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the title insurance company or by a wholly owned subsidiary of the title insurance company.
(b)  This subchapter does not:
(1)  prohibit a title insurance company from:
(A)  appointing as its title insurance agent for a county a person who owns or leases and operates an abstract plant for that county;  and
(B)  arranging for a division of premiums with the agent as set by the commissioner;  or
(2)  affect the division of a premium between a title insurance company and its subsidiary title insurance agent when the company directly issues a title insurance policy or contract under Section 2704.002.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.