Arizona Laws 20-1582. Title insurance agents; replies to inquiries by director
Current as of: 2024 | Check for updates
|
Other versions
Every title insurance agent shall promptly reply, in writing, with a copy thereof to each title insurer for which the agent is acting, to any inquiry of the director relative to the business of title insurance, and failure to reply shall be a ground for revocation of the agent’s license. A copy of any inquiry sent by the director to any agent relative to the agent’s conduct of the business of title insurance shall also be sent by the director to each title insurer for which the agent is acting.
Terms Used In Arizona Laws 20-1582
- Business of title insurance: shall be deemed to be:
(a) The making as insurer, guarantor or surety, or proposing to make as insurer, guarantor or surety, of any contract or policy of title insurance. See Arizona Laws 20-1562
- sent: means to deliver by United States mail, personal delivery or fax or by electronic means consistent with the requirements of section 20-239. See Arizona Laws 20-117
- Title insurance: means insuring, guaranteeing or indemnifying owners of real property or others interested therein against loss or damage suffered by reason of liens, encumbrances upon, defects in or the unmarketability of the title to such property, guaranteeing, warranting or otherwise insuring the correctness of searches relating to the title to real property, or doing any business in substance equivalent to any of the foregoing. See Arizona Laws 20-1562
- Title insurer: means any domestic company organized under the provisions of this title for the purpose of insuring titles to real property, any title insurance company organized under the laws of another state and licensed to insure titles to real estate within this state pursuant to the provisions of this article, and any domestic or foreign company having the power and authorized to insure titles to real estate within this state as of January 1, 1968 which meet the requirements of this article. See Arizona Laws 20-1562
- Writing: includes printing. See Arizona Laws 1-215