Sec. 2005.001. DEFINITIONS. In this chapter:
(1) "Home protection insurance" means coverage insuring a purchaser of a home protection service or product against actual property loss.
(2) "Home protection service or product" means a service or product used for the protection of residential property, including a service or product provided by a person regulated under Chapter 1702, Occupations Code.
(3) "Home warranty insurance" means coverage:
(A) insuring performance by a builder of residential property of the builder's warranty obligations to a purchaser of the residential property; or
(B) insuring against named defects arising from failure of the builder to construct residential property in accordance with specified construction standards.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Section: 2005.001 2005.002 2005.003 NextLast modified: September 28, 2016