Sec. 2602.251. COVERED CLAIMS IN GENERAL

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An unpaid claim is a covered claim if:
(1) the claim is made by an insured under a title insurance policy to which this chapter applies;
(2) the claim arises out of the policy and is within the coverage and applicable limits of the policy;
(3) the title insurance company that issued the policy or assumed the policy under an assumption certificate is an impaired title insurance company; and
(4) the insured real property or a lien on the property is located in this state.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

                    
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