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House Bill 3768 |
House Author: Paxton |
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Effective: 9-1-09 |
Senate Sponsor: Wentworth |
House Bill 3768 amends the Insurance Code to require the commissioner of insurance, for an owner's title insurance policy on residential real property that is issued to an individual, to adopt terms that provide for continuation of coverage subject to rights and defenses against the original named insured for certain recipients of the title to the property of the original named insured. The bill applies only to an insurance policy or contract that is delivered, issued for delivery, or renewed on or after January 1, 2010.