Evidence of the examination of title and determination of insurability for title insurance
business written by a title insurer and records relating to escrow and security deposits
shall be preserved and retained by the title insurer for as long as appropriate to
the circumstances but, in no event, less than fifteen years after the title insurance
policy has been issued or ten years after the escrow or security deposit account has
been closed. This section shall not apply to a title insurer acting as coinsurer if one of the
other coinsurers has complied with this section.
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