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Texas Insurance Code - INS § 2602.252. Claim Against Trust Funds or Escrow Account

Current as of January 01, 2024 | Updated by Findlaw Staff

An unpaid claim is a covered claim if the claim:

(1) is:

(A) against trust funds or an escrow account of an impaired title insurance company or agent;  or

(B) for money received by an impaired title insurance company, the company's agent, or an authorized agent of the company's agent for deposit into a trust fund or an escrow account;  and

(2) is unpaid because of a shortage of those funds or in that account, including a shortage that exists because the money was not deposited by the impaired title insurance company or the company's agent in the fund or account.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2602.252. Claim Against Trust Funds or Escrow Account - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2602-252/

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