Sec. 2602.303. SERVICING FACILITY. (a) The association may handle claims through its employees or through one or more title insurance companies or other persons designated, subject to the approval of the commissioner, as a servicing facility.
(b) A title insurance company may decline designation as a servicing facility.
(c) The association shall reimburse a servicing facility for:
(1) obligations of the association paid by the facility; and
(2) expenses incurred by the facility in handling claims for the association.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle C - Financial Solvency
Chapter 2602 - Texas Title Insurance Guaranty Association
Subchapter G. Association Powers and Duties Relating to Covered Claims
Section 2602.302. Payment of Covered Claims
Section 2602.303. Servicing Facility
Section 2602.304. Advance as Loan
Section 2602.305. Association in Place of Impaired Title Insurance Company or Agent
Section 2602.306. Assignment of Claimant's Rights
Section 2602.307. Settlement by Association Binding; Priority of Claim and Expenses