NAC692A.090. Appointment of title agent or employment of escrow officer: Filing of required documents; effect of filing and failure to file.  


Latest version.
  •      1. Each title insurer appointing a title agent or employing an escrow officer in this State shall file with the Commissioner:

         (a) A written appointment of the title agent or notice of the employment of the escrow officer;

         (b) The appropriate fee; and

         (c) A copy of any underwriting agreement between the title insurer and the title agent.

         2. The appointment of a title agent is effective upon such filing and remains in effect until the agent’s license is revoked or not renewed or the appointment is terminated.

         3. A title agent’s or escrow officer’s license is revoked if, for a period of 30 days, the title insurer does not file the required documents with the Commissioner.

     (Added to NAC by Comm’r of Insurance, eff. 6-23-86)