Section 2704.001 - Issuance of Policy or Contract A title insurance policy or contract may not be written unless:
(1) Sections 2502.053, 2502.054, and 2502.055 have been complied with;(2) the policy or contract is based on an examination of title made from title evidence prepared from an abstract plant owned, or leased and operated by a title insurance agent or direct operation for the county in which the real property is located, except as provided by Section 2704.002;(3) insurability of title has been determined in accordance with sound title underwriting practices; and(4) evidence thereof is preserved and retained in the files of the title insurance company, title insurance agent, or direct operation for a period of not less than 15 years after the date of issuance of the policy or contract.Tex. Ins. Code § 2704.001
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.