(a) On or before the expiration date of a license issued under this subchapter, a title insurance company may renew the license by:
- (1) certifying to the department each county and address at which the company operates the abstract plant for each license to be renewed;
- (2) filing a completed renewal application; and
- (3) paying a nonrefundable license renewal fee for each license.
- (b) The department shall provide the forms used under this section.
- (c) The department shall prescribe the license renewal fee in an amount not to exceed $50.
- (d) If a license has been expired for 90 days or less, the license holder may renew the license by paying to the department the required nonrefundable renewal fee and a nonrefundable fee equal to one-half of the original license fee.
- (e) If a license has been expired for more than 90 days, the license may not be renewed.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.