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2019 Texas Statutes
Insurance Code
Title 11 - Title Insurance
Subtitle B - Organization of Title Insurance Companies
Chapter 2553 - Foreign or Alien Corporations
Section 2553.003. Taxes and Fees
Universal Citation: TX Ins Code § 2553.003 (2019)
Sec. 2553.003. TAXES AND FEES. (a) A corporation organized and incorporated under the laws of another state, territory, or country for the purpose of engaging in the business of title insurance shall pay the same filing fees and occupation tax as a foreign casualty company is required to pay to obtain a permit to engage in the business of insurance in this state.
(b) A foreign title insurance company described by Subsection (a) is not required to pay a franchise tax.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
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