Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 11. TITLE INSURANCE |
Subtitle E. THE BUSINESS OF TITLE INSURANCE |
Chapter 2704. ISSUANCE OF POLICY OR CONTRACT; DETERMINATION OF INSURABILITY |
Subchapter A. GENERAL PROVISIONS |
Sec. 2704.002. DIRECT ISSUANCE OF POLICY OR CONTRACT
Latest version.
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A title insurance company may directly issue a title insurance policy or contract based on the best title evidence available if:
(1) a title insurance agent or direct operation does not exist for the county in which the real property is located; or
(2) each title insurance agent and direct operation for that county refuses to provide title evidence:
(A) in a reasonable period as determined by the department; and
(B) in compliance with Section 2502.053(1).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.