On the insolvency or dissolution of a title insurer, the statutory premium reserve and supplemental reserve fund shall be used to protect title insurance policyholders, even if no accrued title insurance claims exist and other unpaid obligations do exist.
Tex. Ins. Code § 2551.260
EFFECT OF INSOLVENCY OR DISSOLUTION
Known as the Texas Title Insurance Act
The act spans §§ 2501.001 to 2751.104 (197 sections).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.