(a) A foreign or domestic corporation forfeits any right to engage in business in this state if the corporation:
(1) issues any form of title insurance policy, or any other adopted or approved form, on real property in this state other than a form prescribed by the department;
(2) charges any premium rate on an owner, mortgagee, or other title insurance policy, or on any other adopted or approved form, on real property in this state other than a premium rate prescribed by the commissioner; or
(3) otherwise engages in the business of title insurance in relation to real property in this state on a form or for a premium rate not prescribed by the department or commissioner.
(b) This section does not apply to a premium rate charged in connection with a reinsurance transaction between two or more title insurance companies, provided that the reinsurance contract complies with Subchapter G.