(a)
(1) Except as provided in subdivision (a)(2) of this section and § 23-103-404, only an appointed title insurance agency licensed under § 23-64-101 et seq. shall issue title insurance policies, reports, or otherwise transact title insurance business.
(2) An appointed title insurance agency licensed under § 23-64-101 et seq. shall not issue closing protection or issue as an insurer a title insurance policy.
(b) All title insurance policies and reports covering an insurable interest in title to real property located in this state shall be signed by a title insurance agent:
(1) Properly appointed by a title insurer;
(2) Affiliated with a title insurance agency; and
(3) Licensed in this state under this subchapter.
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