What Digital Asset Business Insurance Requirements Apply in Texas?

Texas imposes added customer-funds duties on a licensed digital-asset service provider that serves more than 500 Texas customers or holds at least $10 million in customer funds. FinCEN separately classifies personal use differently from businesses that exchange, administer, or transmit virtual currency, so give your broker the exact customer, custody, and transfer flow before comparing policy terms.

What Is Digital Asset Insurance?

Digital-asset coverage may address custody, theft and business-liability risks, but a custodian’s policy may protect the custodian rather than you. If you hold or safeguard assets, verify the insured entity, wallets, key-loss protection and valuation. Read the national Digital assets guide.

What Should You Watch for With Digital Asset Insurance in Texas?

Map the State-Law Trigger
Texas restricts commingling and requires customer funds to be held for customers’ benefit, subject to chapter-specific allowances. Ask whether your policy covers a custody shortfall, not only direct theft. ¹
Separate Licensing From Asset Protection
Texas’s chapter applies to an electronic platform facilitating customer trades while maintaining custody, and operates in addition to money-transmitter licensing. Ask the broker to schedule exchange, custody, and affiliated platform entities separately. ¹
Describe the Actual Service
Texas requires an annual audit report from covered providers and permits the banking commissioner to suspend or revoke the money-transmission license for violations. Confirm regulatory-defense and audit-cost terms. ¹

Which Digital Asset Insurance Providers Have Texas License Records?

No provider in our research has both a state license record and a listing for this coverage line. This does not establish that providers are unlicensed. Check the regulator’s license lookup and confirm availability with a provider when requesting a quote.

Who Regulates Insurance in Texas?

Texas Department of Insurance

TDI licenses agents and insurers, reviews company rate filings, and investigates complaints against insurance companies and people it regulates. Its complaint page states limits on what it can resolve, including disputes outside its regulatory authority. ^3,^4,⁵

Website: Regulator website
License lookup: Search licensed producers
Complaints: File a complaint

Surplus-Lines Tax and Stamping Office in Texas

Reported tax rate. 4.85% of gross premium plus 0.04% SLTX stamping fee ^6,^7,⁸

When Texas is the insured’s home state, the state tax is 4.85% of gross premium; absent a compact allocation agreement, a multistate policy can be taxed on its entire premium. Policies effective on or after Jan. 1, 2024 also carry a 0.04% stamping fee; SLTX invoices the broker and says the insured pays it, and the surplus-lines insurer is not covered by the Texas guaranty association.

Surplus Lines Stamping Office of Texas

What Should You Ask Before Buying Digital Asset Insurance in Texas?

Does this policy cover the Texas service and legal entity that actually receives, holds, or transfers customer assets?
How does the form treat customer property, keys, and assets held by a custodian or third-party wallet provider in Texas?
Are regulatory defense, fraud response, and customer claims covered when a state-specific licensing or kiosk rule affects our operation?

Digital Asset Insurance in Texas: Frequently Asked Questions

Is a digital-asset business required to get a license in Texas?

It depends on the activity. Texas imposes added customer-funds duties on a licensed digital-asset service provider that serves more than 500 Texas customers or holds at least $10 million in customer funds. Ask the state regulator how the rule applies to your exchange, custody, and transfer functions. ¹

Does a federal money-services-business analysis settle Texas licensing?

No. FinCEN distinguishes personal use from business exchange or administration under federal BSA rules. For Texas, start with this rule: Texas imposes added customer-funds duties on a licensed digital-asset service provider that serves more than 500 Texas customers or holds at least $10 million in customer funds. Check both analyses against your actual customer and transfer flows. ^2,¹

Does a money-transmitter license insure customer crypto in Texas?

No. The rule in Texas—Texas imposes added customer-funds duties on a licensed digital-asset service provider that serves more than 500 Texas customers or holds at least $10 million in customer funds.—sets a regulatory boundary; it does not promise to reimburse customer token losses. Review the policy’s insured entities, covered assets, causes of loss, and custody terms. ¹

Sources for Digital Asset Insurance in Texas

1
Digital Asset Service Providers. Texas Legislature; Finance Code ch.160 §§160.001–.005; customer-funds and license requirements. Accessed 2026-09-29.
2
Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies. Financial Crimes Enforcement Network; FIN-2013-G001, Users of Virtual Currency; Administrators and Exchangers of Virtual Currency. Accessed 2026-09-29.
3
texas insurance regulator. State insurance regulator; TDI regulator page outlines licensing, financial oversight, compliance/enforcement, and rate review. Accessed 2026-09-28.
4
How to Find a Licensed Insurance Agent or Adjuster. State insurance regulator; TDI says search by agent name or license number and links to the state license search. Accessed 2026-09-28.
5
Get Help with an Insurance Complaint. State insurance regulator; Direct complaint page explains covered entities, exclusions and online filing; Help Line 800-252-3439. Accessed 2026-09-28.
6
Texas Insurance Code §§225.002–225.004. Texas Legislature; §225.002 limits chapter to Texas-home-state insured; §225.004(a) 4.85%; (a-1) NRRA home-state limitation; (c) entire premium where Texas is home state and no compact agreement. Accessed 2026-09-28.
7
Stamping Fees & Taxes. Surplus Lines Stamping Office of Texas; Current policy-date table lists 0.04% for inception 1/1/2024 and after; stamping fee invoices go to brokers; site says fee is paid by insured. Accessed 2026-09-28.
8
Texas Surplus Lines Companies. Texas Department of Insurance; TDI says surplus-lines insurers are not licensed in Texas and its guaranty association member; eligibility/disclaimer and broker financial-responsibility details. Accessed 2026-09-28.
9
Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
10
Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
11
Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
12
About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
13
Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
14
About Risklytics. Risklytics; What we do; Who we insure; Licensing; Agency licenses table dated 2026-09-10. Accessed 2026-09-16.
15
Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
16
Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.