Section 2651.103 - Examination of Loss Covered By Bond or Deposit(a) At any time it appears that a loss covered by a bond or deposit has occurred, the department may require the title insurance agent or direct operation to appear in Travis County, with records the department determines to be proper, for an examination.(b) The department shall specify a date for the examination that is not earlier than the 10th day or later than the 15th day after the date of service of notice of the requirement to appear.(c) If after the examination the department determines that a loss covered by the bond or deposit has occurred, the department shall immediately notify the surety on the bond, if applicable, and prepare a written statement of the facts of the loss and deliver the statement to the attorney general.Tex. Ins. Code § 2651.103
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. 4/1/2005.