Texas Title Insurance Act

Overview

A title insurance policy or contract may not be written unless: (1) Sections 2502.053, 2502.054, and 2502.055 have been complied with; (2) the policy or contract is based on an examination of title made from title evidence prepared from an abstract plant owned, or leased and operated by a title insurance agent or direct operation for the county in which the real property is located, except as provided by Section 2704.002; (3) insurability of title has been determined in accordance with sound title underwriting practices; and (4) evidence thereof is preserved and retained in the files of the title insurance company, title insurance agent, or direct operation for a period of not less than 15 years after the date of issuance of the policy or contract.

Sections covered

• Tex. Ins. Code § 2501.001SHORT TITLE
• Tex. Ins. Code § 2501.002PURPOSE; LEGISLATIVE INTENT
• Tex. Ins. Code § 2501.003DEFINITIONS
• Tex. Ins. Code § 2501.004ABSTRACT PLANT; JOINT ABSTRACT PLANT OPERATION
• Tex. Ins. Code § 2501.005BUSINESS OF TITLE INSURANCE
• Tex. Ins. Code § 2501.006CLOSING THE TRANSACTION
• Tex. Ins. Code § 2501.007REFERENCES TO TITLE
• Tex. Ins. Code § 2501.008THIRD-PARTY CHARGES
• Tex. Ins. Code § 2501.009GIFTS, GRANTS, AND DONATIONS FOR EDUCATIONAL PURPOSES
• Tex. Ins. Code § 2502.001ENGAGING IN CERTAIN INSURANCE BUSINESS PROHIBITED
• Tex. Ins. Code § 2502.002COVERAGE FOR UNMARKETABILITY OF TITLE PROHIBITED
• Tex. Ins. Code § 2502.003INSURING AROUND DEFINED; PROHIBITIONS AND EXCEPTIONS
• Tex. Ins. Code § 2502.004GUARANTEE OF MORTGAGE PAYMENT PROHIBITED
• Tex. Ins. Code § 2502.005CIVIL PENALTY
• Tex. Ins. Code § 2502.006CERTAIN EXTRA HAZARDOUS COVERAGES PROHIBITED
• Tex. Ins. Code § 2502.051REBATES AND DISCOUNTS PROHIBITED1 cite
• Tex. Ins. Code § 2502.052CERTAIN DIVISIONS OF REAL PROPERTY CHARGES PROHIBITED
• Tex. Ins. Code § 2502.053CERTAIN COMPENSATORY PAYMENTS NOT PROHIBITED
• Tex. Ins. Code § 2502.054CERTAIN DIVISIONS OF PREMIUMS NOT PROHIBITED
• Tex. Ins. Code § 2502.055PROMOTIONAL AND EDUCATIONAL ACTIVITIES NOT REBATES
• Tex. Ins. Code § 2502.056MONETARY FORFEITURE
• Tex. Ins. Code § 2502.057CERTAIN COMPENSATORY PAYMENTS RELATED TO CERTAIN ELECTRIC ENERGY PROJECTS PERMITTED
• Tex. Ins. Code § 2551.001APPLICABILITY OF TITLE AND OTHER LAW
• Tex. Ins. Code § 2551.002APPLICABILITY OF LAW GOVERNING CORPORATIONS
• Tex. Ins. Code § 2551.003RULEMAKING; AUTHORITY OF DEPARTMENT AND COMMISSIONER
• Tex. Ins. Code § 2551.051FORMATION; GENERAL PURPOSES AND POWERS
• Tex. Ins. Code § 2551.052NAME
• Tex. Ins. Code § 2551.053STOCK AND SURPLUS REQUIREMENTS
• Tex. Ins. Code § 2551.054PURCHASE OF OWN STOCK
• Tex. Ins. Code § 2551.055CHARTER OF CORPORATION ENGAGING IN BUSINESS OF TITLE INSURANCE
• Tex. Ins. Code § 2551.056REGULATION OF CERTAIN CORPORATIONS
• Tex. Ins. Code § 2551.101CERTIFICATE OF AUTHORITY REQUIRED
• Tex. Ins. Code § 2551.102ISSUANCE OF CERTIFICATE OF AUTHORITY
• Tex. Ins. Code § 2551.151ADMISSIBLE INVESTMENTS
• Tex. Ins. Code § 2551.152ANNUAL STATEMENT
• Tex. Ins. Code § 2551.153FEES
• Tex. Ins. Code § 2551.154TRANSFER OF CERTAIN BUSINESS TO STATE BANKS OR TRUST COMPANIES
• Tex. Ins. Code § 2551.201DEPOSIT REQUIRED; AMOUNT
• Tex. Ins. Code § 2551.202EXCEPTION: FOREIGN TITLE INSURANCE COMPANY
• Tex. Ins. Code § 2551.203WITHDRAWAL AND SUBSTITUTION OF DEPOSIT
• Tex. Ins. Code § 2551.204USE OF DEPOSIT
• Tex. Ins. Code § 2551.251STATUTORY PREMIUM RESERVE REQUIRED
• Tex. Ins. Code § 2551.252AMOUNTS ADDED TO RESERVE FOR CALENDAR YEAR 1997; REDUCTIONS
• Tex. Ins. Code § 2551.253AMOUNTS ADDED TO RESERVE FOR CALENDAR YEARS AFTER 1997; REDUCTIONS
• Tex. Ins. Code § 2551.254TRANSITIONAL RELEASE; TRANSITIONAL CHARGE
• Tex. Ins. Code § 2551.255RUNOFF BALANCE
• Tex. Ins. Code § 2551.256ACTUARIAL CERTIFICATION
• Tex. Ins. Code § 2551.257SUPPLEMENTAL RESERVE
• Tex. Ins. Code § 2551.258REEVALUATION OF CERTAIN RESERVE REQUIREMENTS
• Tex. Ins. Code § 2551.259STATUTORY PREMIUM RESERVE AND SUPPLEMENTAL RESERVE FUND
• Tex. Ins. Code § 2551.260EFFECT OF INSOLVENCY OR DISSOLUTION
• Tex. Ins. Code § 2551.261RESERVE FOR UNPAID LOSSES AND LOSS EXPENSES
• Tex. Ins. Code § 2551.301MAXIMUM POLICY LIABILITY
• Tex. Ins. Code § 2551.302REQUIREMENTS FOR REINSURING POLICIES
• Tex. Ins. Code § 2551.304ACCEPTANCE OF REINSURANCE
• Tex. Ins. Code § 2551.305REINSURANCE FROM NON-ADMITTED TITLE INSURER
• Tex. Ins. Code § 2551.3055REINSURANCE FROM INSURER OTHER THAN TITLE INSURER
• Tex. Ins. Code § 2551.351FORFEITURE OF RIGHT TO ENGAGE IN BUSINESS
• Tex. Ins. Code § 2551.352REVOCATION OF PERMIT AND FORFEITURE OF CHARTER
• Tex. Ins. Code § 2551.353PROCEDURE FOR REVOCATION OF CERTIFICATE
• Tex. Ins. Code § 2551.354APPEAL OF COMMISSIONER ACTION
• Tex. Ins. Code § 2553.001AUTHORITY TO ENGAGE IN BUSINESS OF TITLE INSURANCE
• Tex. Ins. Code § 2553.002CAPITAL AND SURPLUS REQUIREMENTS
• Tex. Ins. Code § 2553.003TAXES AND FEES
• Tex. Ins. Code § 2601.001SUPERVISION, LIQUIDATION, REHABILITATION, REORGANIZATION, OR CONSERVATION OF TITLE INSURANCE COMPANIES AND AGENTS
• Tex. Ins. Code § 2651.001LICENSE AND BOND OR DEPOSIT REQUIRED
• Tex. Ins. Code § 2651.002LICENSE APPLICATION
• Tex. Ins. Code § 2651.0021PROFESSIONAL TRAINING PROGRAM
• Tex. Ins. Code § 2651.003LICENSE AND RENEWAL FEES
• Tex. Ins. Code § 2651.004LICENSE ISSUANCE
• Tex. Ins. Code § 2651.005DUPLICATE LICENSE
• Tex. Ins. Code § 2651.006LICENSE TERM
• Tex. Ins. Code § 2651.007LICENSE RENEWAL
• Tex. Ins. Code § 2651.008RECORDS OF AGENTS
• Tex. Ins. Code § 2651.009MULTIPLE APPOINTMENTS
• Tex. Ins. Code § 2651.010SUSPENSION OF LICENSE
• Tex. Ins. Code § 2651.011PRIVILEGED COMMUNICATIONS; FINANCIAL INFORMATION
• Tex. Ins. Code § 2651.012UNENCUMBERED ASSETS
• Tex. Ins. Code § 2651.0121SOLVENCY ACCOUNT
• Tex. Ins. Code § 2651.013DIVISION OF PREMIUM HELD IN TRUST; RULES
• Tex. Ins. Code § 2651.051LICENSE REQUIRED
• Tex. Ins. Code § 2651.052LICENSE APPLICATION
• Tex. Ins. Code § 2651.053LICENSE AND RENEWAL FEES
• Tex. Ins. Code § 2651.054LICENSE TERM
• Tex. Ins. Code § 2651.055LICENSE RENEWAL
• Tex. Ins. Code § 2651.056CEASING OPERATION OF ABSTRACT PLANT; REQUEST FOR LICENSE CANCELLATION
• Tex. Ins. Code § 2651.057AUTOMATIC TERMINATION OF LICENSES
• Tex. Ins. Code § 2651.058RECORDS OF DIRECT OPERATIONS
• Tex. Ins. Code § 2651.059USE OF AGENTS NOT PROHIBITED
• Tex. Ins. Code § 2651.101BOND REQUIRED
• Tex. Ins. Code § 2651.102ALTERNATIVE TO BOND
• Tex. Ins. Code § 2651.103EXAMINATION OF LOSS COVERED BY BOND OR DEPOSIT
• Tex. Ins. Code § 2651.104INVESTIGATION BY ATTORNEY GENERAL
• Tex. Ins. Code § 2651.151ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE AGENTS AND DIRECT OPERATIONS
• Tex. Ins. Code § 2651.152ANNUAL AUDIT OF TRUST FUND ACCOUNTS: TITLE INSURANCE COMPANIES
• Tex. Ins. Code § 2651.153RULES
• Tex. Ins. Code § 2651.154PERFORMANCE OF AUDIT BY PUBLIC ACCOUNTANT
• Tex. Ins. Code § 2651.155CONFIDENTIALITY OF AUDIT
• Tex. Ins. Code § 2651.156FAILURE TO RECEIVE AUDIT REPORT FROM AGENTS OR DIRECT OPERATIONS
• Tex. Ins. Code § 2651.157ENFORCEMENT; HEARING
• Tex. Ins. Code § 2651.158CERTIFICATION OF UNENCUMBERED ASSETS
• Tex. Ins. Code § 2651.201LICENSE SURRENDER OR FORFEITURE
• Tex. Ins. Code § 2651.202TRUST FUND ACCOUNT DISBURSEMENTS
• Tex. Ins. Code § 2651.203DISCLOSURE OF OWNERSHIP AND PREMIUM INFORMATION
• Tex. Ins. Code § 2651.204CONTINUING EDUCATION
• Tex. Ins. Code § 2651.205TITLE AGENT RECORDS
• Tex. Ins. Code § 2651.206EXAMINATION REPORTS
• Tex. Ins. Code § 2651.251EXAMINATION OF TRUST FUND ACCOUNTS BY TITLE INSURANCE COMPANY
• Tex. Ins. Code § 2651.252SPECIAL REPORTS
• Tex. Ins. Code § 2651.253AUDIT OF UNUSED FORMS
• Tex. Ins. Code § 2651.301GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION
• Tex. Ins. Code § 2651.3015PROHIBITED GROUNDS FOR REJECTION, DELAY, OR DENIAL
• Tex. Ins. Code § 2651.302LICENSE APPLICATION AFTER DENIAL, REFUSAL, OR REVOCATION
• Tex. Ins. Code § 2651.303NOTICE OF DISCIPLINARY OR ENFORCEMENT ACTION; AUTOMATIC DISMISSAL
• Tex. Ins. Code § 2652.001LICENSE AND BOND OR DEPOSIT REQUIRED
• Tex. Ins. Code § 2652.002EMPLOYMENT OF ESCROW OFFICER
• Tex. Ins. Code § 2652.003ATTORNEY ACTING AS ESCROW OFFICER
• Tex. Ins. Code § 2652.004TRUST FUND ACCOUNT DISBURSEMENTS
• Tex. Ins. Code § 2652.005ESCROW ACCOUNT AUDIT
• Tex. Ins. Code § 2652.006RECORD OF ESCROW OFFICERS; PUBLIC INFORMATION
• Tex. Ins. Code § 2652.051LICENSE APPLICATION
• Tex. Ins. Code § 2652.052LICENSE AND RENEWAL FEES
• Tex. Ins. Code § 2652.053LICENSE ISSUANCE
• Tex. Ins. Code § 2652.054DUPLICATE LICENSE
• Tex. Ins. Code § 2652.055LICENSE TERM
• Tex. Ins. Code § 2652.056PROCEDURE FOR LICENSE RENEWAL
• Tex. Ins. Code § 2652.057LICENSE SURRENDER OR FORFEITURE
• Tex. Ins. Code § 2652.058CONTINUING EDUCATION
• Tex. Ins. Code § 2652.059DENIAL OF LICENSE APPLICATION OR LICENSE RENEWAL; APPROVAL
• Tex. Ins. Code § 2652.101BOND REQUIRED
• Tex. Ins. Code § 2652.102ALTERNATIVE TO BOND
• Tex. Ins. Code § 2652.103AMOUNT OF BOND OR DEPOSIT
• Tex. Ins. Code § 2652.104EXAMINATION OF LOSS COVERED BY BOND OR DEPOSIT
• Tex. Ins. Code § 2652.105INVESTIGATION BY ATTORNEY GENERAL
• Tex. Ins. Code § 2652.151LIST OF ESCROW OFFICERS
• Tex. Ins. Code § 2652.1511APPOINTMENT OF ESCROW OFFICER
• Tex. Ins. Code § 2652.153NOTICE OF TERMINATION
• Tex. Ins. Code § 2652.201GROUNDS FOR LICENSE DENIAL OR DISCIPLINARY ACTION
• Tex. Ins. Code § 2652.2015PROHIBITED GROUNDS FOR DELAY OR DENIAL
• Tex. Ins. Code § 2652.202LICENSE APPLICATION AFTER DENIAL, REFUSAL, OR REVOCATION
• Tex. Ins. Code § 2652.203NOTICE OF DISCIPLINARY OR ENFORCEMENT ACTION; AUTOMATIC DISMISSAL
• Tex. Ins. Code § 2701.001ABSTRACT OF TITLE DISTINGUISHED; PROHIBITION ON REGULATION OF ABSTRACT OF TITLE
• Tex. Ins. Code § 2701.002CONSTRUCTION OF CHAPTER 601
• Tex. Ins. Code § 2702.001INSURED CLOSING AND SETTLEMENT LETTER: LOANS
• Tex. Ins. Code § 2702.002INSURED CLOSING AND SETTLEMENT LETTER: CERTAIN BUYERS OR SELLERS
• Tex. Ins. Code § 2702.003EFFECT OF FAILURE TO ISSUE INSURED CLOSING AND SETTLEMENT LETTER
• Tex. Ins. Code § 2702.051APPLICABILITY
• Tex. Ins. Code § 2702.052DUTY TO PRESCRIBE UNIFORM CLOSING AND SETTLEMENT STATEMENT FORMS
• Tex. Ins. Code § 2702.053CONTENT OF CLOSING AND SETTLEMENT STATEMENT
• Tex. Ins. Code § 2702.054USE OF ALTERNATE SETTLEMENT STATEMENT FORM PERMITTED
• Tex. Ins. Code § 2702.101APPLICABILITY
• Tex. Ins. Code § 2702.102DUTY TO PROVIDE ADVANCE DISCLOSURE OF CLOSING AND SETTLEMENT COSTS
• Tex. Ins. Code § 2702.103TITLE INSURANCE COMPANY OR TITLE INSURANCE AGENT NOT SUBJECT TO REQUIREMENTS APPLICABLE TO LENDERS
• Tex. Ins. Code § 2703.001COMPLIANCE WITH TITLE AND RULES
• Tex. Ins. Code § 2703.002USE OF FORMS IN GENERAL
• Tex. Ins. Code § 2703.003PAYMENT OF PREMIUMS
• Tex. Ins. Code § 2703.051CERTAIN PROVISIONS REQUIRED
• Tex. Ins. Code § 2703.0515CERTAIN REQUIREMENTS PROHIBITED
• Tex. Ins. Code § 2703.052DUTY OF TITLE INSURANCE COMPANY
• Tex. Ins. Code § 2703.053ESTABLISHMENT OF STANDARDS AND SCHEDULES
• Tex. Ins. Code § 2703.054AUTHORITY OF COMMISSIONER IN IMPLEMENTING SUBCHAPTER
• Tex. Ins. Code § 2703.055REQUIREMENT OF CERTAIN PROVISIONS PROHIBITED
• Tex. Ins. Code § 2703.056EXCEPTIONS; MINERAL AND GEOTHERMAL ENERGY INTERESTS
• Tex. Ins. Code § 2703.101POLICY FORMS FOR RESIDENTIAL REAL PROPERTY
• Tex. Ins. Code § 2703.151FIXING AND PROMULGATING PREMIUM RATES
• Tex. Ins. Code § 2703.152FACTORS CONSIDERED IN FIXING PREMIUM RATES
• Tex. Ins. Code § 2703.153COLLECTION OF DATA FOR FIXING PREMIUM RATES; ANNUAL STATISTICAL REPORT
• Tex. Ins. Code § 2703.201HEARING REQUIRED FOR FIXING PREMIUM RATE
• Tex. Ins. Code § 2703.202HEARING REQUIRED FOR CHANGE IN PREMIUM RATE
• Tex. Ins. Code § 2703.203PERIODIC HEARING
• Tex. Ins. Code § 2703.204ADMISSION AS PARTY TO HEARING
• Tex. Ins. Code § 2703.206COMMISSIONER AUTHORITY TO HOLD HEARINGS AS NECESSARY
• Tex. Ins. Code § 2703.207NOTICE OF CERTAIN HEARINGS
• Tex. Ins. Code § 2703.208ADDITIONS OR AMENDMENTS TO MANUAL
• Tex. Ins. Code § 2704.001ISSUANCE OF POLICY OR CONTRACT
• Tex. Ins. Code § 2704.002DIRECT ISSUANCE OF POLICY OR CONTRACT
• Tex. Ins. Code § 2704.003COPY OF POLICY OR CONTRACT TO AGENT OR DIRECT OPERATION
• Tex. Ins. Code § 2704.004EXCEPTIONS TO APPLICABILITY OF CHAPTER
• Tex. Ins. Code § 2704.051ISSUANCE OF OWNER POLICY REQUIRED IN CONNECTION WITH ISSUANCE OF MORTGAGEE POLICY
• Tex. Ins. Code § 2704.052REJECTION OF ISSUANCE OF OWNER POLICY
• Tex. Ins. Code § 2704.101DEFINITION
• Tex. Ins. Code § 2704.102RULES AUTHORIZING ACCEPTANCE OF EXISTING SURVEY
• Tex. Ins. Code § 2704.103CERTAIN DISCRIMINATION PROHIBITED
• Tex. Ins. Code § 2704.104INDEMNITY PROHIBITED
• Tex. Ins. Code § 2751.001GENERAL DEFINITIONS
• Tex. Ins. Code § 2751.002DEFINITIONS OF PERSONAL PROPERTY AND PERSONAL PROPERTY TITLE INSURANCE
• Tex. Ins. Code § 2751.003APPLICABILITY OF OTHER LAWS
• Tex. Ins. Code § 2751.004GENERAL RULES
• Tex. Ins. Code § 2751.051FIXING AND PROMULGATING PREMIUM RATES AND FORMS
• Tex. Ins. Code § 2751.052FACTORS CONSIDERED IN FIXING PREMIUM RATES
• Tex. Ins. Code § 2751.053HEARING REQUIRED
• Tex. Ins. Code § 2751.054COMMISSIONER ORDER
• Tex. Ins. Code § 2751.055REVISIONS TO RATES AND FORMS; HEARING
• Tex. Ins. Code § 2751.101ISSUANCE OF POLICIES
• Tex. Ins. Code § 2751.102USE OF FORMS
• Tex. Ins. Code § 2751.103AGENTS
• Tex. Ins. Code § 2751.104AGENT COMPENSATION