84th Texas Legislature, Regular Session, Senate Bill 572, Chapter 38 Page: 3 of 9
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273
S.B. No. 572
pViT7nde suffiiet InferRmat ion toenal::ethecomssoert
evialuaate h~e proposed transact-in, includ14ngj a sumi:armo f the
sifiicttermfs of 4th4e Ereinsuranethe inacia-impact 9of the
adtlqespecai:fic identi--4ty and sptzae ofdomicrile sA-fectil
insuranemorn yf- ~-W ~rnn ee is acquired.
[(c) cwitA atnd gj- a-- other roviT 1Sfo:e-n o)f lthi4s
sibchapter, the department may, on application And-hearing, pgermi4t
a ti -hinsianee company to -e-q-R.re reinsur3ance That dopeS not
cmp ly vlt4tI4ibecficn -4q (a) n 4ir4vidu1,al palic o fcutaiv
h;a - sfr cewma t i tI e insRG% . a neee iomp a n y domiil 1edinanotercst a te a ndE
not au-4thon riz e d to-engage in 4the busins f -ti4-t-Ie insur xan4e i ti
S tat e rif:L!
[1) the company has ezxhabted theeopiportuanity te
aqi ur -Q q c& fromaIK Ather authorized title insurance
[(QY thotitAle 4insuran-e emanyfomwhchthIne
reinsuance s acqir ed hse cm ie apita> -and surplus of at
lasCt $ ilinassatdiisanulstatemenqt prcediing the
acceptanceeofreins-urance.
[() -o-xithmanfig-any---ether p-os io-n 0;-f thi:s
a title insu-ranqco c-mpany nluigan-authorized r-einosurintt-loe
insaane company, to etanan aqdditional potent ial -lailit e
not more than 40 perceent of the company's-capi tal stock and su-plu
a s s t-Q#atedJin thIne -mo -St rxeGe nt a n nuial st a tementRfthe com- @r-,G fp anRy , i f:
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Texas. Legislature. Senate. 84th Texas Legislature, Regular Session, Senate Bill 572, Chapter 38, legislative document, May 19, 2015; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth704770/m1/3/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.