Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 10. PROPERTY AND CASUALTY INSURANCE |
Subtitle D. FIRE INSURANCE AND ALLIED LINES, INCLUDING RESIDENTIAL PROPERTY INSURANCE |
Chapter 2005. HOME WARRANTY AND HOME PROTECTION INSURANCE |
Sec. 2005.001. DEFINITIONS
Latest version.
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In this chapter:
(1) "Home protection insurance" means coverage insuring a purchaser of a home protection service or product against actual property loss.
(2) "Home protection service or product" means a service or product used for the protection of residential property, including a service or product provided by a person regulated under Chapter 1702, Occupations Code.
(3) "Home warranty insurance" means coverage:
(A) insuring performance by a builder of residential property of the builder's warranty obligations to a purchaser of the residential property; or
(B) insuring against named defects arising from failure of the builder to construct residential property in accordance with specified construction standards.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.