Difference between revisions of "Agency in Pennsylvania"
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=Overview= | =Overview= | ||
==Audits== | ==Audits== | ||
| + | The Insurance Department has authority to audit title agents as often as Commissioner deems appropriate, but not less than once every five years.<ref>40 P.S. 323.3</ref> | ||
| + | |||
==Banking== | ==Banking== | ||
==Brick and Mortar== | ==Brick and Mortar== | ||
Revision as of 12:13, 4 May 2023
Contents
Overview
Audits
The Insurance Department has authority to audit title agents as often as Commissioner deems appropriate, but not less than once every five years.[1]
Banking
Brick and Mortar
Document Preparation
File Retention
An owner's waiver of title insurance, or copies, must be retained for at least twenty (20) years. 31 Pa. Code 126.2.
Insurance
Licensing
In addition to licensing, title agents must be appointed in writing by a title insurer.[2]
Marketing
Pennsylvania law prohibits title insurance agents from adopting a name containing the words "title," "title company," "title insurance company," "guaranty," "guarantee", "guaranty company", or "guarantee company" or any similar combination thereof.[3]
