Tex. Ins. Code Section 2651.203
Disclosure of Ownership and Premium Information

(a)

A title insurance agent who receives a portion of a premium shall disclose to each purchaser of a title insurance policy or other title insurance form the following:

(1)

each shareholder, owner, or partner owning or controlling at least one percent of the agent;

(2)

each shareholder, owner, or partner owning or controlling at least 10 percent of an entity that owns or controls at least one percent of the agent;

(3)

each person who is not a full-time employee of the agent and who receives a portion of the premium for services performed on behalf of the agent in connection with the issuance of a title insurance form; and

(4)

the amount of premium that a person disclosed in Subdivision (3) receives.

(b)

The department shall prescribe the form of the disclosure required by this section.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2651.203 — Disclosure of Ownership and Premium Information, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2651.­htm#2651.­203 (accessed May 18, 2024).

2651.001
License and Bond or Deposit Required 2651.002
License Application 2651.003
License and Renewal Fees 2651.004
License Issuance 2651.005
Duplicate License 2651.006
License Term 2651.007
License Renewal 2651.008
Records of Agents 2651.009
Multiple Appointments 2651.010
Suspension of License 2651.011
Privileged Communications 2651.012
Unencumbered Assets 2651.013
Division of Premium Held in Trust 2651.0021
Professional Training Program 2651.051
License Required 2651.052
License Application 2651.053
License and Renewal Fees 2651.054
License Term 2651.055
License Renewal 2651.056
Ceasing Operation of Abstract Plant 2651.057
Automatic Termination of Licenses 2651.058
Records of Direct Operations 2651.059
Use of Agents Not Prohibited 2651.101
Bond Required 2651.102
Alternative to Bond 2651.103
Examination of Loss Covered by Bond or Deposit 2651.104
Investigation by Attorney General 2651.0121
Solvency Account 2651.151
Annual Audit of Trust Fund Accounts: Title Insurance Agents and Direct Operations 2651.152
Annual Audit of Trust Fund Accounts: Title Insurance Companies 2651.153
Rules 2651.154
Performance of Audit by Public Accountant 2651.155
Confidentiality of Audit 2651.156
Failure to Receive Audit Report from Agents or Direct Operations 2651.157
Enforcement 2651.158
Certification of Unencumbered Assets 2651.201
License Surrender or Forfeiture 2651.202
Trust Fund Account Disbursements 2651.203
Disclosure of Ownership and Premium Information 2651.204
Continuing Education 2651.205
Title Agent Records 2651.206
Examination Reports 2651.251
Examination of Trust Fund Accounts by Title Insurance Company 2651.252
Special Reports 2651.253
Audit of Unused Forms 2651.301
Grounds for License Denial or Disciplinary Action 2651.302
License Application After Denial, Refusal, or Revocation 2651.303
Notice of Disciplinary or Enforcement Action 2651.3015
Prohibited Grounds for Rejection, Delay, or Denial
Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 2651.203’s source at texas​.gov