Texas Insurance Code 2501.002 – Purpose; Legislative Intent
Current as of: 2024 | Check for updates
|
Other versions
(a) The purpose of this title is to completely regulate the business of title insurance on real property and, as described by Subtitle F, on personal property, including the direct issuance of policies and the reinsurance of any assumed risks, to:
(1) protect consumers and purchasers of title insurance policies; and
(2) provide adequate and reasonable rates of return for title insurance companies and title insurance agents.
(b) It is the express legislative intent that this title accomplish the purpose described by Subsection (a).
Terms Used In Texas Insurance Code 2501.002
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.