1. Each title insurer may:
(a) Engage in title insurance business if licensed to do so by the Commissioner.
(b) Take action incidental to the making of a contract or policy of title insurance, directly or through a title agent or escrow officer employed by the title insurer, including the conducting or holding of money in escrow, making settlements and closing transactions.
(c) Provide any other service related or incidental to the sale and transfer of property if it has filed notice with the Commissioner of its intention to provide the service, and the Commissioner has not disapproved the service within 30 days after the Commissioner’s receipt of the notice.
(d) Invest in title plants.
2. No title insurer may engage in the business of guaranteeing the obligations of other persons.
3. Each title insurer shall, no later than February 1 of each calendar year, certify to the Commissioner the title agents and escrow officers it employs or appoints, including title agents and escrow officers employed by a title agent whom it has appointed. Each title insurer is responsible for and shall supervise the acts of each person that is required to be certified pursuant to this section.
(Added to NRS by 1977, 979; A 1985, 1826; 1991, 1859)
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.
