Escrow & Title
In Texas, title insurance premiums are:
ANegotiated between buyer and title company
BSet by market competition among title companies
CPromulgated (set) by the Texas Department of Insurance✓ Correct
DDetermined by the lender based on loan amount
Explanation
Texas is one of the few states where title insurance rates are set (promulgated) by the Texas Department of Insurance. All title companies must charge the same premium for the same coverage, so price competition focuses on service.
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