(1) Title insurance rates and fees shall be regulated in the manner provided in part
4 of article 4 of this title.
(2) Prior to the effective date of any new or amended rate or fee, every title insurance
company and title insurance agent shall file with the commissioner the new or amended
rate or fee, with justification for the new or amended rate or fee. Each filing shall set forth its effective date, which shall be no earlier than thirty
days after its receipt by the commissioner. The commissioner may promulgate rules to implement this subsection (2).
(3) No title insurance company or title insurance agent shall use any rate or fee
in the business of title insurance prior to its effective date, and no rate or fee
increase or decrease shall apply to title policies or services that have been contracted
for prior to such effective date. All rates or fees shall be readily available to the public in each office of the
title insurance company or title insurance agent in the county to which said rates
or fees apply.
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