Texas Insurance Code

§ 862.055 — FIRE INSURANCE: INTEREST OF MORTGAGEE OR TRUSTEE

IN § 862.055Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part D. CASUALTY COMPANIES · Ch. 862. FIRE AND MARINE INSURANCE COMPANIES · Art. B. INSURANCE COVERAGE PROVIDED BY FIRE AND MARINE INSURANCE COMPANIES

Statute text

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(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.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.