Sec. 2704.002. DIRECT ISSUANCE OF POLICY OR CONTRACT. A title insurance company may directly issue a title insurance policy or contract based on the best title evidence available if:
(1) a title insurance agent or direct operation does not exist for the county in which the real property is located; or
(2) each title insurance agent and direct operation for that county refuses to provide title evidence:
(A) in a reasonable period as determined by the department; and
(B) in compliance with Section 2502.053(1).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Structure Texas Statutes
Subtitle E - The Business of Title Insurance
Chapter 2704 - Issuance of Policy or Contract; Determination of Insurability
Subchapter A. General Provisions
Section 2704.001. Issuance of Policy or Contract
Section 2704.002. Direct Issuance of Policy or Contract
Section 2704.003. Copy of Policy or Contract to Agent or Direct Operation