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