Tex. Ins. Code Section 862.055
Fire Insurance: Interest of Mortgagee or Trustee


(a)

The interest of a mortgagee or trustee under a fire insurance contract covering property located in this state may not be invalidated by:

(1)

an act or neglect of the mortgagor or owner of the property; or

(2)

the occurrence of a condition beyond the mortgagor’s or owner’s control.

(b)

A provision of a contract that conflicts with Subsection (a) is void.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 862.055 — Fire Insurance: Interest of Mortgagee or Trustee, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­862.­htm#862.­055 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 862.055’s source at texas​.gov