Texas has the most heavily regulated title insurance market in the country. Unlike most states, the government sets a fixed rate for title insurance, preventing competition for consumers’ business.
Economy
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.
April 12, 2017