Money advanced by the association under this chapter is considered a special fund loan to the impaired title insurance company or agent for payment of covered claims and does not become an asset of the title insurance company or agent. The loan is repayable to the extent money from the title insurance company or agent is available.
Tex. Ins. Code § 2602.304
ADVANCE AS LOAN
Known as the Texas Title Insurance Guaranty Act
The act spans §§ 2602.001 to 2602.453 (80 sections).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.