Sec. 21.66.450. Forms of policies and other contracts of title insurance.
(a) Each title insurance company shall file with the director all forms of title policies and other contracts of title insurance that it proposes to issue in this state before their issuance; however, in no event may a title insurance company issue a form of policy or contract before 30 days after it has been […]
Sec. 21.66.270. Title insurance limited producers to be licensed.
A title insurance limited producer shall be licensed in the manner provided for in AS 21.27. A title insurance limited producer may not obtain a license unless the producer is a resident of the state. A title insurance limited producer may not be licensed to sell insurance other than title insurance.
Sec. 21.66.460. Filing required for escrow, settlement, and closing charges.
(a) Each title insurance company shall file with the director a schedule of the escrow, settlement, and closing charges that it proposes to use in this state for these services when performed in connection with the issuance of policies of title insurance. The filing must state the effective date of the schedule, which shall be […]
Sec. 21.66.280. Title insurance limited producers, books, and records.
(a) In addition to any other requirement of this title, a title insurance limited producer licensee shall maintain books of accounts and records and vouchers pertaining to the business of title insurance in a manner that the director, or an authorized representative, may readily ascertain whether the licensee has complied with the provisions of this […]
Sec. 21.66.470. Other sections applicable.
The provisions of this title governing insurance companies, except to the extent that they are inconsistent with the provisions of this chapter, apply to the business of title insurance and to title insurance companies.
Sec. 21.66.290. Title insurance limited producer replies to director inquiries.
A title insurance limited producer shall reply in writing promptly, with a copy of the reply mailed to each title insurance company for which the licensee is acting, to an inquiry of the director relating to the licensee’s acts as a title insurance limited producer. In addition to any other penalty provided by law, failure […]
Sec. 21.66.300. Certain names prohibited.
A title insurance limited producer for a title insurance company may not adopt a firm name containing the words “title insurance”, “title guaranty”, or “title guarantee”, unless the words are followed by the words “agent” or “agency” in the same size and type as the words preceding them. This section does not apply to a […]
Sec. 21.66.310. Rebates prohibited.
(a) A title insurer, or officer, employee, attorney, or title insurance limited producer of a title insurer, may not pay, allow, or give or offer to pay, allow, or give, directly or indirectly, as an inducement to obtaining a title insurance business, a rebate, reduction, or abatement of a rate or charge made incident to […]
Sec. 21.66.330. Examination of records.
If the director has reason to believe that a title insurance limited producer has violated or is in violation of AS 21.66.310, the director shall immediately examine the title insurance limited producer’s books of account and record and vouchers pertaining to the business of title insurance. The title insurance limited producer shall pay to the […]
Sec. 21.66.340. Additional penalty for rebates.
A person who violates AS 21.66.310 is liable to the state for five times the amount or value of the rebate, reduction, or abatement of any rate or charge made incident to the issuance of title insurance, or a special favor or advantage, or a monetary consideration or inducement.