Tex. Ins. Code § 862.055

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 862.055 - Fire Insurance: Interest of Mortgagee or Trustee

(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.

Tex. Ins. Code § 862.055

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.