Tex. Ins. Code § 2502.053 · Subchapter B. REBATES AND DISCOUNTS
CERTAIN COMPENSATORY PAYMENTS NOT PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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 title examination or with closing the transaction or furnishing title evidence if:
(A) the payment does not exceed the percentage of premium or other amount established by the commissioner for the payment; and
(B) the person receiving the payment is licensed as provided by this title;
(2) payment of bona fide compensation to a bona fide employee principally employed by a title insurance company, title insurance agent, or direct operation;
(3) reasonable payment for goods or facilities actually provided and received; or
(4) payment for services actually performed by an attorney in connection with title examination or with closing the transaction, if the payment does not exceed a reasonable charge for the services.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2502.htm
- Text hash
- sha256 2b8fb19e2e92f8e647d38984159e46ea7b26c9d4b504df2e33e274e00bdd05c9
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 2502.053. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 2704.001ISSUANCE OF POLICY OR CONTRACT.Printed as Sections 2502.053, 2502.054, and 2502.055
- Tex. Ins. Code § 2704.002DIRECT ISSUANCE OF POLICY OR CONTRACT.Printed as Section 2502.053(1)
- Tex. Ins. Code § 2751.003APPLICABILITY OF OTHER LAWS.Printed as Sections 2502.051, 2502.053, and 2502.055
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.