Chapter 381 - Title Insurance Law

Chapter 381 - Title Insurance Law

Section 381.011 Citation of law — purpose statement.
Section 381.015 Title insurance commitment, required statement, when — lender's insurance policy without owner's title insurance, notice given when, contents, retention — penalty for violation.
Section 381.018 Written contract with title insurer required for commitment or policy issuance, statement of financial condition when, contents, review and notification requirements, inventory, proof of licensure, penalty for violation.
Section 381.019 Required disclosures.
Section 381.022 Title insurer, agency or agent not affiliated with a title agency may operate as an escrow, security, settlement or closing agent, when, penalty for violations.
Section 381.023 Underwriting claims and escrow practices, review of, required when — standards for review.
Section 381.024 Denial of access and failure to cooperate prohibited, penalty.
Section 381.025 Consideration for referrals, when, penalty.
Section 381.026 Recording of deeds and security instruments.
Section 381.029 Affiliated business — definitions — requirements — rules — violations.
Section 381.038 Retention of records required, limitation, penalty for violation.
Section 381.042 Rules, authority, procedure.
Section 381.045 Violations, penalties.
Section 381.048 Court actions authorized, when.
Section 381.052 Persons authorized to conduct title insurance business.
Section 381.055 Powers of title insurer.
Section 381.058 License required for insurer to transact business of title insurance, exclusive to other types of insurance business, limitations — closing or settlement protection authorized.
Section 381.062 Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
Section 381.065 Net retained liability limits, maximum amount — reinsurance allowed — waiver by director of risk, when.
Section 381.068 Investment in title plant, amount restricted, considered asset.
Section 381.071 Insurer's duties, policies — examination of title, determination of insurability — showing of liens against title — records kept, duration — exceptions to requirements.
Section 381.072 Reserve requirements, reserve to cover all known claims — unearned premium reserve, amount, actuarial certification required, supplemental reserve, amount, deadline.
Section 381.075 Additional insurance laws applicable to title insurers, insurer's supervision, rehabilitation and liquidation act, exceptions — liquidation or insolvency, treatment of security and escrow funds, filing of claims, cancellation of policies, payment of fully earned premiums.
Section 381.085 Forms, director to approve before use — contents concerning coverage of policy, when included — disapproval by director, procedure.
Section 381.112 Premium tax, premium income defined.
Section 381.115 Licensing required for title agencies and title agents, exceptions — delegation of title searches to third party, rules — violations, penalty.
Section 381.118 Examination required — education requirements, exemptions — approved courses and programs — teaching credit — credits may be carried forward — extensions and waivers — certification to director of completion — nonresidents — rules — funds, depositing and use — fees for license renewal.
Section 381.122 Director authorized to inspect books and records.
Section 381.161 Contract of title insurance through specific agent, agency, or insurer prohibited.
Section 381.400 Definitions.
Section 381.403 Title insurance companies and agents may enter into construction escrow agreements and issue insured closing letters.
Section 381.405 Construction and guaranty agreements not authorized for title insurance companies — title insurance against mechanic liens and insured closing letters, authorized.
Section 381.410 Definitions.
Section 381.412 Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine.

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