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What does it take to open a title company in Texas?

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2010-10-19 20:21:49
2010-10-19 20:21:49

1. Title Company = Actual insurance company ie: Underwriter

2. Title Agency = Agent of the Title Company providing title insurance products and escrow/settlement services.

A title COMPANY is highly regulated by state law in any state. Contact the Texas Department of Insurance as follows:

Texas Department of Insurance Title Division (MC 106-2T) P.O. Box 149104 Austin, Texas 78714-9104 Fax: 512-305-7426 www.tdi.state.tx.us

To open an AGENCY, you must obtain an Abstracting Plant, which is very costly. The Texas Underwriting Manual can be found at: http://www.tdi.state.tx.us/company/titleman.html

The Rate Manual can be found at: http://www.tdi.state.tx.us/company/titlemm3.html

Additionally, contact the Texas DOI for additional licensing requirements: www.tdi.state.tx.us

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