Sec. 2553.002.  CAPITAL AND SURPLUS REQUIREMENTS.  (a)  A foreign corporation may not engage in the business of title insurance in this state unless the corporation has unimpaired capital in an amount of at least $1 million and a surplus in an amount of at least $1 million.
(b)  The foreign corporation must demonstrate the required capital and surplus from its financial statement and any other examination the department may want to conduct.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.