Sec. 2703.056. EXCEPTIONS; MINERAL INTERESTS. (a) Subject to the underwriting standards of the title insurance company, a title insurance company may in a commitment for title insurance or a title insurance policy include a general exception or a special exception to except from coverage a mineral estate or an instrument that purports to reserve or transfer all or part of a mineral estate.
(b) A reduction to, or credit on a premium charge for, a policy of title insurance or other insuring form may not be directly or indirectly based on an exclusion of, or general or special exception to, a mineral estate in the title insurance policy.
(c) The inclusion in a title insurance policy of a general exception or a special exception described by Subsection (a) does not create title insurance coverage as to the condition or ownership of the mineral estate.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1011 (H.B. 2408), Sec. 9, eff. September 1, 2011.
Structure Texas Statutes
Subtitle E - The Business of Title Insurance
Chapter 2703 - Policy Forms and Premium Rates
Subchapter B. Policy Provisions
Section 2703.051. Certain Provisions Required
Section 2703.0515. Certain Requirements Prohibited
Section 2703.052. Duty of Title Insurance Company
Section 2703.053. Establishment of Standards and Schedules
Section 2703.054. Authority of Commissioner in Implementing Subchapter
Section 2703.055. Requirement of Certain Provisions Prohibited