1. (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. (1) an act or neglect of the mortgagor or owner of the property; or
   2. (2) the occurrence of a condition beyond the mortgagor's or owner's control.
2. (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.