{"data":{"id":"us-tx/tex.-insurance-code-549.003","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 549.003","heading":"CANCELLATION OF POLICY AFTER FORECLOSURE AUTHORIZED.","body":"In the event of a foreclosure under a deed of trust, the lender may cancel an insurance policy covering the foreclosed property and is entitled to any unearned premiums from the policy if the lender:\n(1) credits the amount of the unearned premiums against any deficiency owed by the borrower; and\n(2) delivers to the borrower any excess unearned premiums not credited against a deficiency under Subdivision (1).\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 5. PROTECTION OF CONSUMER INTERESTS","SUBTITLE C. DECEPTIVE, UNFAIR, AND PROHIBITED PRACTICES","CHAPTER 549. PROHIBITED PRACTICES RELATING TO PROPERTY INSURANCE","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.549.htm#549.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"bfbc0708848c703e9adbce1ea9b45d066d43d49198bcddcb2d645bd69f2c9745","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-549.002","next":"us-tx/tex.-insurance-code-549.051"},"notice":"GroundRules: Original legal text. Not legal advice."}