Tex. Ins. Code 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 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.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.

Source: Section 2502.053 — Certain Compensatory Payments Not Prohibited, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2502.­htm#2502.­053 (accessed Jun. 5, 2024).

Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 2502.053’s source at texas​.gov