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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 11. TITLE INSURANCE |
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Subtitle B. ORGANIZATION OF TITLE INSURANCE COMPANIES |
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Chapter 2552. ATTORNEY'S TITLE INSURANCE COMPANIES AND TITLE ATTORNEYS |
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Subchapter A. GENERAL PROVISIONS |
Sec. 2552.002. DEFINITIONS
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In this chapter:
(1) "Attorney's title insurance" means:
(A) insurance that:
(i) insures, guarantees, or indemnifies an owner of real property in this state, or another interested in the real property, against loss or damage resulting from:
(a) a lien or encumbrance on or defect in the title to the real property; or
(b) the invalidity of a lien on the real property; and
(ii) is issued only in connection with and as part of a real property transaction and a title opinion of a title attorney; or
(B) any business that is substantially equivalent to the insurance business described by Paragraph (A) and is conducted in a manner designed to evade the provisions of this title.
(2) "Attorney's title insurance company" means a domestic company organized and operated in accordance with this chapter for the business of attorney's title insurance.
(3) "Title attorney" means an attorney who satisfies the requirements of this chapter to act as a title attorney in this state for an attorney's title insurance company.