§ 20-1583 Title insurance agents; certain names prohibited

AZ Rev Stat § 20-1583 (2019) (N/A)
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20-1583. Title insurance agents; certain names prohibited

A. An agent for a title insurer shall not adopt a corporate or business name containing the words " title insurance" , " title guaranty" or " title guarantee" or other words indicating that the agent is in the business of title insurance, unless those words are followed by the words " agent" or " agency" . In any stationery, sign, advertising, brochure, literature or similar writing issued or used by the agent, the words " agent" or " agency" shall be in the same size and type as the words preceding them. This section does not apply to a title insurer acting as agent for another title insurer.

B. A title insurer may authorize the use of its corporate name or a portion of the name to a title insurance agency if the name of the title insurance agency complies with subsection A.

C. For purposes of this section only, a title insurer is not responsible for a violation of this section by an agent for the title insurer and is not liable for a civil penalty that is imposed on a title insurance agent.