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.Tex. Ins. Code § 2651.203
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.