Arkansas Code § 23-103-404 - Authorized Activities of Title Insurers

(a) Subject to the exceptions and restrictions contained in this subchapter, a title insurer may:

(1) Transact only title insurance business;

(2) Reinsure title insurance policies; and

(3) Unless prohibited by the Insurance Commissioner, perform or cause to be performed ancillary activities whether or not in contemplation of or in conjunction with the issuance of a title insurance report or title insurance policy including:

(A) Underwriting title to and furnishing related information about personal property or real property; and

(B) Procuring and furnishing information about relevant personal property.

(b) Only a title insurer may issue closing protection or issue as an insurer a title insurance policy.

Section: Previous  23-103-402  23-103-403  23-103-404  23-103-405  23-103-406  23-103-407  23-103-408  23-103-409  23-103-410  23-103-411  23-103-412  23-103-413  23-103-414  23-103-415  Next

Last modified: November 15, 2016