Texas has the most heavily regulated title insurance market in the country. But that isn’t the end of it. The Texas title insurance market is perhaps as heavily regulated as any market of any type in the U.S. when it comes to price and product availability.
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.