The Texas Insurance Code "completely regulates" the business of title insurance and with traditional avenues closed, many within the title insurance industry have turned toward illegal kickbacks to solicit business.
Heavy Regulation, High Profits, and Wasteful Spending
Texas has the most restrictive regulation of title rates and forms (policies) in the nation, allowing no opportunity for insurers to innovate with their products or lower rates to compete for business directly from the consumer. Texas should introduce competition into the title insurance market by moving to a file-and-use system.