Texas Department of Insurance

Title Insurance Basic Manual

Table of Contents

SECTION IV, PROCEDURAL RULES:

P-1. Definitions

• a. Land
• b. Company
• c. Board
• d. Policy
• e. Title Examination
• f. Closing the Transaction
• g. Insuring Around
• h. Title Insurance Agent
• i. Abstract Plant
• j. Endorsement
• k. Person
• l. Title Insurance Company
• m. Date of the Original Indebtedness
• n. Fiscal Year
• o. Verifying The Services Rendered
• p. Title Insurance
• q. The Business of Title Insurance
• r. Commissioner
• s. Escrow Officer
• t. Foreign Title Insurance Company
• u. Residential Real Property
• v. Thing of Value
• w. Premium
• x. Attorney
• y. Direct Operation
• z. Furnishing Title Evidence
• aa. Directly Issued Policy
• bb. Owner's Policy
• cc. Commitment for Title Insurance
• dd. Department
• ee. Loan Policy

• P-2. Amendment of Exception to Area and Boundaries
• P-3. Exception to "Rights of Parties in Possession"
• P-4. Restrictive Covenants Exception
• P-5. Special Exceptions
• P-6. Co-Insurance
• P-7. Name of Insured on Loan Policy of Title Insurance or Proposed Insured on Commitment for Loan Policy of Title Insurance
• P-8. Issuance of Policies Prior to Completion of Improvements
• P-9. Endorsement of Owner or Mortgagee Policies
• P-10. Facultative Reinsurance
• P-11. Insuring Around
• P-12. Abstract Plants
• P-13. Truth-In-Lending
• P-14. Owner Title Policy Commitment to Texas Department of Transportation
• P-15. Commitment for Title Insurance to or for the Benefit of the Federal Deposit Insurance Corporation, Office of Thrift Supervision or Resolution Trust Corporation
• P-16. Mortgagee Title Policy Binder on Interim Construction Loan (Interim Binder)
• P-17. ELECTRONICALLY PRODUCED FORMS
• P-18. Commitment for Title Insurance
• P-19. "Pending Disbursement" clause
• P-20. Amendment of Standard Exception in Mortgagee Policy or Mortgagee Title Policy Binder on Interim Construction Loan (Interim Binder) Relating to Taxes
• P-21. Additional Requirements for Contents of Commitment for Title Insurance
• P-22. Payment of a Fee for Examination and/or Closing
• P-23. Division of Premiums between Title Insurance Agents and Title Insurance Companies
• P-24. Payment for Services Rendered by a Title Insurance Company, Title Insurance Agent, or Direct Operation to Another Title Insurance Company, Title Insurance Agent or Direct Operation
• P-25. Reasonable Time for Furnishing Title Evidence
• P-26. Copies of Policies Provided to Agents
• P-27. Disbursement From Trust Fund Accounts
• P-28. REQUIREMENTS FOR CONTINUING EDUCATION FOR TITLE AGENTS AND ESCROW OFFICERS
• P-29. Amendment of Standard Exception in Mortgagee Policy or Mortgagee Title Policy Binder on Interim Construction Loan (Interim Binder) Relating to Taxes Not Yet Due and Payable
• P-30. Guaranty Assessment Recoupment Charge
• P-31. Authorized Execution of Directly Issued Policy
• P-32. Document Retention
• P-33. Repealed
• P-34. Repealed
• P-35. Prohibition Against Guaranties, Affirmations, Indemnifications, and Certifications
• P-36. Arbitration Provisions.
• P-37. Lack of a Right of Access
• P-38. Residential Owner Policy of Title Insurance-One to-Four Family Residences
• P-39. Express Insurance
• P-40. Standards for Reserve Setting and Reviewing
• P-43. Limited Pre-Foreclosure Policy (T-98) and Limited Pre-Foreclosure Policy Downdate Endorsement (T-99)
• P-44. Equity Loan Mortgage Endorsement (T-42)
• P-45. Texas Reverse Mortgage Endorsement (T-43)
• P-46. Texas Residential Limited Coverage Junior Mortgagee Policy (T-44) and Texas Residential Limited Coverage Junior Mortgagee Policy Down Date Endorsement (T-45) and Texas Residential Limited Coverage Junior Mortgagee Policy Home Equity Line of Credit/Variable Rate Endorsement (T-46) and Texas Residential Limited Coverage Junior Mortgagee Policy Additional Coverage Endorsement
• P-47. Supplemental Coverage Equity Loan Mortgage Endorsement (T-42.1)
• P-48. Dates On and After January 1, 2000
• P-49. Annual Audit
• P-50. RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT (T-19)
• P-51. Texas Short Form Residential Mortgagee Policy of Title Insurance (T-2R)
• P-52. Delivery of Pro Forma Policies and Promulgated Forms
• P-53. Rebates and Discounts Prohibited
• P-54. ACCESS ENDORSEMENT (T-23)
• P-55. NON-IMPUTATION ENDORSEMENT (T-24)
• P-56. CONTIGUITY ENDORSEMENT (T-25)
• P-57. ADDITIONAL INSURED ENDORSEMENT (T-26)
• P-58. Report on Directly Issued Policy
• P-59. RECONCILIATION OF REFERENCES TO PROVISIONS OF THE INSURANCE CODE OF 1951 TO PROVISIONS OF THE TEXAS INSURANCE CODE AS RECODIFIED
• P-60. ASSIGNMENT OF RENTS/LEASES ENDORSEMENT (T-27)
  
• P-61. TIMELY PROVISION OF TITLE POLICIES
  
• P-62. LICENSING AND LOCATION OF TITLE AGENTS AND DIRECT OPERATIONS
• P-63. Policy Issued to Qualified Intermediary under IRS Code 1031
• P-64. Subordinate Liens and Leases - Pursuant to Rule P-11.b.(8)
• P-65. Issuance of Owner Policy Required in Connection with Issuance of Mortgagee Policy
• P-66. Determination of Amount of Insurance (Policy Amount)
• P-67. Insured Closing and Settlement Letters
• P-68. Consumer Notice 

Title Manual Index
Section I - Title Eleven, Texas Insurance Code
Section II - Insuring Forms
Section III - Rate Rules
Section IV - Procedural Rules
Section V - Exhibits and Forms
Section VI - Administrative Rules
Section VII - Claims Handling Principals and Procedures
Bulletin Appendix - Current Bulletins

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