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Home > Underwriting > TIRSA Rules > SECTION 5 - MINIMUM INSURANCE: OWNER'S POLICY

SECTION 5 - MINIMUM INSURANCE: OWNER'S POLICY

  1. An owner's policy shall not be issued for less than the greater of the contract price (including all unpaid liens thereon which the purchaser assumes or takes subject to) or the fair market value of the premises, except under the provisions of Section 3(A), Section 15, Section 29, or Section 30 of this manual.

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