(a) A title insurer shall not participate in any transaction in which it knows that a title insurance producer or other person requires, directly or indirectly, or through any trustee, director, officer, producer, employee, or affiliate, as a condition precedent to selling or furnishing any other person a loan, or loan extension, credit, sale, property, contract, lease, or service, that the other person shall place a title insurance policy of any kind with the title insurer or through a particular title insurance producer.
(b) No seller of property shall require, directly or indirectly, that the buyer purchase title insurance from any particular title producer or insurer.
(Sept. 24, 2010, D.C. Law 18-223, § 2157, 57 DCR 6242; Nov. 5, 2013, D.C. Law 20-40, § 5(g), 60 DCR 12304.)
The 2013 amendment by DC Law 20-40 designated the existing text as (a); substituted “producer” for “agent” throughout (a); and added (b).
For temporary (90 day) addition, see § 2157 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”)