Sec. 3502.105. POLICY FORM STANDARDS. The commissioner shall disapprove a mortgage guaranty insurance policy form if the form:
(1) violates this code or rules adopted by the commissioner; or
(2) contains a provision that encourages misrepresentation or is unjust, unfair, inequitable, misleading, deceptive, or contrary to law or to the public policy of this state.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 3, eff. April 1, 2007.
Structure Texas Statutes
Chapter 3502 - Mortgage Guaranty Insurance
Section 3502.101. Rate Filings
Section 3502.102. Rate Standards
Section 3502.103. Recording and Reporting of Loss and Expense Experience and Other Data
Section 3502.104. Policy Form Filings
Section 3502.105. Policy Form Standards
Section 3502.106. Claim Against Residential Borrower