Industry News
August 18, 2009
Department of Insurance Reviews Disclosure of Property Information
The Department of Insurance is working towards developing a clear policy to guide title companies regarding disclosure of property information.
In the interim, the Department is reminding companies that property profiles cannot be distributed in a manner that would allow them to be converted by real estate agents, mortgage brokers, or any other persons into advertising for their own businesses and the distribution of property profiles cannot be done as an inducement for any person to place or refer title business to the insurer.
As the Department proceeds with the initial development of possible regulations to govern this issue, the CLTA will be providing comments.
