Texas Insurance Code 3502.105 – Policy Form Standards
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 3502.105
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
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.