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Tex. Ins. Code § 2602.303

SERVICING FACILITY

Known as the Texas Title Insurance Guaranty Act

The act spans §§ 2602–2602 (80 sections).

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

(a) The association may handle claims through its employees or through one or more title insurance companies or other persons designated, subject to the approval of the commissioner, as a servicing facility.

(b) A title insurance company may decline designation as a servicing facility.

(c) The association shall reimburse a servicing facility for:

(1) obligations of the association paid by the facility; and

(2) expenses incurred by the facility in handling claims for the association.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.