Subject to the exceptions and restrictions contained in this chapter, a title insurer may do any of the following:
(1) Engage in the business of writing title insurance directly or through title insurance producers appointed for the purpose of issuing policies of title insurance;
(2) Reinsure title insurance policies;
(3) Unless prohibited by the Commissioner, perform ancillary activities, including examining titles to real property and any interest in real or personal property and procuring and furnishing related information and information about relevant personal property, when not in contemplation of, or in conjunction with, the issuance of a title insurance policy; and
(4) Maintain or perform escrow, indemnity, or settlement services.
(Sept. 24, 2010, D.C. Law 18-223, § 2144, 57 DCR 6242.)
For temporary (90 day) addition, see § 2144 of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 50A - Title Insurance Insurers
§ 31–5031.02. Licensing needed to transact business
§ 31–5031.03. Authorized activities of title insurers
§ 31–5031.04. Limitations on powers
§ 31–5031.05. Minimum capital and surplus requirements
§ 31–5031.06. Single risk limit
§ 31–5031.07. Admitted asset standards
§ 31–5031.09. Liquidation, dissolution, or insolvency
§ 31–5031.10. Restrictions on dividends
§ 31–5031.11. Diversification requirement
§ 31–5031.12. Direct operations and policyholder treatment
§ 31–5031.13. Duties of title insurers utilizing the services of title insurance producers
§ 31–5031.14. Conditions for maintaining escrow and indemnity deposit accounts
§ 31–5031.15. Prohibition of rebate and fee splitting
§ 31–5031.16. Favored producer of title insurer; buyer’s right to choose
§ 31–5031.17. Premium rate filings and standards
§ 31–5031.19. Filing by rating bureaus
§ 31–5031.20. Record retention requirements
§ 31–5031.21. Penalties and liabilities
§ 31–5031.22. Violations of Real Estate Settlement Procedures Act (“RESPA”)