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Current as of March 28, 2024 | Updated by FindLaw Staff
(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.
Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-103-404. Authorized activities of title insurers - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-103-404/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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