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Tex. Insurance Code § 2502.053

CERTAIN COMPENSATORY PAYMENTS NOT PROHIBITED

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 2502.053, CERTAIN COMPENSATORY PAYMENTS NOT PROHIBITED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/684891
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This subchapter does not prohibit: (1) payment for services actually performed by a title insurance company, title insurance agent, or direct operation in connection with title examination or with closing the transaction or furnishing title evidence if: (A) the payment does not exceed the percentage of premium or other amount established by the commissioner for the payment; and (B) the person receiving the payment is licensed as provided by this title; (2) payment of bona fide compensation to a bona fide employee principally employed by a title insurance company, title insurance agent, or direct operation; (3) reasonable payment for goods or facilities actually provided and received; or (4) payment for services actually performed by an attorney in connection with title examination or with closing the transaction, if the payment does not exceed a reasonable charge for the services.