Texas Insurance Code 2702.101 – Applicability
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Terms Used In Texas Insurance Code 2702.101
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
This subchapter does not apply to the closing or settlement of a real property transaction if the closing or settlement is not actually handled by:
(1) a title insurance company, a title insurance agent, or an attorney for a title insurance company or title insurance agent; or
(2) a representative of a title insurance company, a title insurance agent, or an attorney for a title insurance company or title insurance agent.