Tex. Ins. Code § 2602.252

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2602.252 - Claim Against Trust Funds or Escrow Account

An unpaid claim is a covered claim if the claim:

(1) is:

(A) against trust funds or an escrow account of an impaired title insurance company or agent; or

(B) for money received by an impaired title insurance company, the company's agent, or an authorized agent of the company's agent for deposit into a trust fund or an escrow account; and

(2) is unpaid because of a shortage of those funds or in that account, including a shortage that exists because the money was not deposited by the impaired title insurance company or the company's agent in the fund or account.

Tex. Ins. Code § 2602.252

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 775,Sec. 23, eff. 9/1/2019.

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.