The Basic Manual of Rules, Rates and Forms for the Writing of Title
Insurance in the State of Texas contains the rates, rules and forms
promulgated by the Texas Department of Insurance. It also contains the
Texas Insurance Code which regulates the business of title insurance
through administrative laws. Below is a brief recap of what is contained
in each section of the Basic Manual. The TLTA online version of the
Basic Manual is currently under construction.
Section l. contains TITLE 11 of the Texas Insurance Code and is referred to as the Texas Title Insurance Act. It contains statutes specific to title insurance that have been enacted by the Texas Legislature. It also contains portions of TITLE 3 and TITLE 5 pertaining to title insurance.
Section ll. contains all the title insurance forms adopted for use in the State of Texas. It also contains the instructions for certain endorsements.
Section lll. contains the basic rates for writing title insurance and other rate rules to be applied under specific circumstances.
Section IV. contains the procedural rules for writing title insurance. These rules address a variety of procedures. Some rules set out the circumstances under which certain rate rules or forms are to be used and others set out guidelines or restrictions of certain business activities or practices.
Section V. contains exhibits and forms to be used in the business of title insurance. It also includes minimum standards, specific instructions and forms for audit of trust funds.
Section VI. contains the administrative rules that pertain to licensing title agents, direct operations and escrow officers. It also sets out procedures for ceasing business.
Section VII. contains claims handling principals and procedures.
Section VIII.contains the statute, forms, rules and rates that pertain to Personal Property Title Insurance.
The Appendix. contains all pertinent and timely bulletins issued by the State Board of Insurance or the Commissioner of Insurance.