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.
HB 4239 & SB 2203: The Texas Title Insurance Monopoly
Testimony on HB 4239 and SB 2203 by Bill Peacock