Sec. 2005.001. DEFINITIONS  


Latest version.
  • 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.