 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
INSURANCE CODE |
|
Title 11. TITLE INSURANCE |
|
Subtitle B. ORGANIZATION OF TITLE INSURANCE COMPANIES |
|
Chapter 2552. ATTORNEY'S TITLE INSURANCE COMPANIES AND TITLE ATTORNEYS |
|
Subchapter A. GENERAL PROVISIONS |
Sec. 2552.004. BUSINESS OF ATTORNEY'S TITLE INSURANCE
-
(a) The business of attorney's title insurance may be engaged in only by an attorney's title insurance company through a title attorney appointed by an attorney's title insurance company.
(b) For purposes of this chapter, a person engages in the business of attorney's title insurance if the person:
(1) as insurer, guarantor, or surety, makes or proposes to make a contract or policy of title insurance; or
(2) transacts or proposes to transact any phase of title insurance, including:
(A) soliciting;
(B) negotiating before executing a title insurance contract;
(C) executing a contract of title insurance; and
(D) insuring and transacting matters arising out of the contract after the contract is executed, including reinsurance.
(c) A person engages in the business of attorney's title insurance if the person engages in or proposes to engage in any business that is substantially equivalent to the business of attorney's title insurance as part of a real property transaction and title opinion of a title attorney in a manner designed to evade the applicable provisions of this title.