Texas Insurance Code Title 11, Chapter 2502 - Prohibited Conduct

SUBCHAPTER A PROHIBITED CONDUCT IN GENERAL

• Texas Section 2502.001 - Engaging In Certain Insurance Business Prohibited
  (a) A domestic or foreign corporation operating under this title may not engage in the business of any kind of insurance other than title insurance....
• Texas Section 2502.002 - Coverage For Unmarketability Of Title Prohibited
  (a) An insurance company may not insure against loss or damage by reason of unmarketability of title. (b) The commissioner may not adopt a rule...
• Texas Section 2502.003 - Insuring Around Defined; Prohibitions And Exceptions
  (a) Except as provided by Subsection (c), a title insurance company may not wilfully issue a binder for title insurance or a title insurance policy...
• Texas Section 2502.004 - Guarantee Of Mortgage Payment Prohibited
  (a) A title insurance company may not guarantee the payment of a mortgage on real property. (b) A title insurance company that violates this section...
• Texas Section 2502.005 - Civil Penalty
  (a) A person is liable to the state for a civil penalty of not more than $5,000 if the person: (1) wilfully violates Section 2502.003...

SUBCHAPTER B REBATES AND DISCOUNTS

• Texas Section 2502.006 - Certain Extra Hazardous Coverages Prohibited
  (a) A title insurance company may not insure against loss or damage sustained by reason of any claim that under federal bankruptcy, state insolvency, or...
• Texas Section 2502.051 - Rebates And Discounts Prohibited
  A commission, rebate, discount, portion of a title insurance premium, or other thing of value may not be directly or indirectly paid, allowed, or permitted...
• Texas Section 2502.052 - Certain Divisions Of Real Property Charges Prohibited
  Other than for services actually performed, a person may not give or accept any portion, split, or percentage of a charge made or received for...
• Texas Section 2502.053 - Certain Compensatory Payments Not Prohibited
  This subchapter does not prohibit: (1) payment for services actually performed by a title insurance company, title insurance agent, or direct operation in connection with...
• Texas Section 2502.054 - Certain Divisions Of Premiums Not Prohibited
  (a) For purposes of this section, a subsidiary is a company at least 50 percent of the voting stock of which is owned by the...
• Texas Section 2502.055 - Promotional And Educational Activities Not Rebates
  (a) The activities described in this section are not rebates. Nothing in this subchapter prohibits a title insurance company or a title insurance agent from:...
• Texas Section 2502.056 - Monetary Forfeiture
  (a) A person who pays or receives a commission, rebate, discount, or other thing of value for soliciting or referring title insurance business in violation...
• Texas Section 2502.057 - Certain Compensatory Payments Related To Certain Electric Energy Projects Permitted
  (a) This section applies with respect to a utility project that is: (1) designed to produce, generate, transmit, distribute, sell, or furnish electric energy; and...

Last modified: September 28, 2016