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 C. TITLE INSURANCE COVERING AREAS AND BOUNDARIES |
Sec. 2704.102. RULES AUTHORIZING ACCEPTANCE OF EXISTING SURVEY
Latest version.
-
(a) The commissioner by rule may authorize a title insurance company providing area and boundary coverage to accept an existing real property survey as provided by this section.
(b) A title insurance company may accept an existing real property survey rather than requiring a new survey if, notwithstanding the age of the survey or the identity of the person for whom the survey was prepared, the company is willing to accept:
(1) evidence of the existing survey; and
(2) an affidavit prescribed by the commissioner that verifies the existing survey.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.