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Texas Insurance Code - INS § 862.055. Fire Insurance: Interest of Mortgagee or Trustee

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

(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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 862.055. Fire Insurance: Interest of Mortgagee or Trustee - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-862-055/

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