Sec. 862.055.  FIRE INSURANCE:  INTEREST OF MORTGAGEE OR TRUSTEE.  (a)  The interest of a mortgagee or trustee under a fire insurance contract covering property located in this state may not be invalidated by:
(1)  an act or neglect of the mortgagor or owner of the property;  or
(2)  the occurrence of a condition beyond the mortgagor's or owner's control.
(b)  A provision of a contract that conflicts with Subsection (a) is void.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.