2005 Texas Insurance Code CHAPTER 2701. GENERAL PROVISIONS

INSURANCE CODE

SUBTITLE E. THE BUSINESS OF TITLE INSURANCE

CHAPTER 2701. GENERAL PROVISIONS


	§ 2701.001. ABSTRACT OF TITLE DISTINGUISHED;  PROHIBITION 
ON REGULATION OF ABSTRACT OF TITLE.  (a) In this section, 
"commitment for title insurance" means a title insurance form under 
which a title insurance company offers to issue a title insurance 
policy subject to stated exceptions, requirements, and terms.  The 
term includes a mortgagee title policy binder on an interim 
construction loan.
	(b)  A commitment for title insurance constitutes a 
statement of the terms and conditions on which a title insurance 
company is willing to issue its policy.  A title insurance policy or 
other title insurance form constitutes a statement of the terms and 
conditions of the indemnity under the policy or form.
	(c)  An abstract of title prepared from an abstract plant for 
a chain of title to real property described in the abstract of title 
is not title insurance, a commitment for title insurance, or any 
other title insurance form.  A commitment for title insurance, 
title insurance policy, or other title insurance form is not an 
abstract of title.
	(d)  The commissioner may not adopt rules relating to 
abstracts of title.    

Added by Acts 2003, 78th Leg., ch. 1274, § 6, eff. April 1, 2005.          


	§ 2701.002. CONSTRUCTION OF CHAPTER 39, BUSINESS &
COMMERCE CODE.  Chapter 39, Business & Commerce Code, is a consumer 
protection law when construed in connection with a title insurance 
policy issued in this state.

Added by Acts 2003, 78th Leg., ch. 1274, § 6, eff. April 1, 2005.