Rejection of Issuance of Owner Policy

Tex. Insurance Code § 2704.052, under Issuance of Policy Or Contract; Determination of Insurability.

Tex. Insurance Code § 2704.052

Sec. 2704.052. REJECTION OF ISSUANCE OF OWNER POLICY. At or before closing and settlement, the person acquiring title may reject the issuance of the owner title insurance policy required under Section 2704.051 by executing a written and acknowledged rejection in the form prescribed, after notice and hearing, by the commissioner. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005. SUBCHAPTER C. TITLE INSURANCE COVERING AREAS AND BOUNDARIES