T-56 TX Owner Policy Rejection Form
OWNER POLICY REJECTION FORM
Pursuant to requirement of Article 9.55, Insurance Code, as amended, the undersigned hereby acknowledges that a Mortgagee Policy to be issued in file No. _______________ in consideration of $_______________ premium is to be issued to the lender and that such policy does not afford title insurance coverage to the undersigned in the event of a defect in the title to the real estate which is being acquired. An owner policy in the amount of $_________________ shall be issued for an additional premium cost of $_________________ unless rejected hereby.
The undersigned hereby reject the issuance of said Owner Policy.
No guidelines are available for this form at this time.