HOUSE BILL 1453 |
HOUSE AUTHOR: Smith |
EFFECTIVE: 09-01-99 |
SENATE SPONSOR: Madla |
House Bill 1453 amends the Insurance Code to authorize the commissioner of insurance to adopt title insurance policy coverages that insure a person who purchases a residential homestead against certain previously accrued ad valorem taxes, including delinquent taxes and taxes due because of an invalid exemption granted to the previous owner, and any penalties and interest.