Texas Insurance Code 3502.052 – Eligibility of Foreign or Alien Insurer to Write Mortgage Guaranty Insurance
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Terms Used In Texas Insurance Code 3502.052
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The department may not issue a certificate of authority to a foreign or alien insurer writing mortgage guaranty insurance unless the insurer demonstrates a satisfactory operating experience in the insurer’s state of domicile.