Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 11. TITLE INSURANCE |
Subtitle D. TITLE INSURANCE PROFESSIONALS |
Chapter 2652. ESCROW OFFICERS |
Subchapter C. BOND AND DEPOSIT REQUIREMENTS |
Sec. 2652.105. INVESTIGATION BY ATTORNEY GENERAL
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(a) On receipt of a written statement under Section 2652.104, the attorney general shall investigate the charges and, on determining that a loss covered by the bond or deposit has occurred, shall enforce the liability by collecting against the deposited cash or securities or by filing suit on the bond.
(b) A suit brought under this section shall be filed in the name of the department in Travis County for the benefit of all parties who have suffered any loss covered by the bond or deposit.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.