Sec. 3502.158. LIMIT ON COVERAGE FOR CERTAIN INSUREDS

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For the classes of insurance described by Section 3502.003(1), a mortgage guaranty insurer shall elect to:
(1) limit the insurer's coverage, net of reinsurance, to a maximum of 25 percent of the entire indebtedness to the insured; or
(2) pay the entire indebtedness to the insured and acquire title to the authorized real estate security.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 3, eff. April 1, 2007.

                    
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