Mo. Rev. Stat. ch. 381 – Title Insurance Law | Midpage381.011Citation of law — purpose statement381.015Title insurance commitment, required statement, when — lender's insurance policy without owner's title insurance, notice given when, contents, retention — penalty for violation381.018Written contract with title insurer required for commitment or policy issuance, statement of financial condition when, contents, review and notification requirements, inventory, proof of licensure, penalty for violation381.019Required disclosures381.022Title insurer, agency or agent not affiliated with a title agency may operate as an escrow, security, settlement or closing agent, when, penalty for violations381.023Underwriting claims and escrow practices, review of, required when — standards for review381.024Denial of access and failure to cooperate prohibited, penalty381.025Consideration for referrals, when, penalty381.026Recording of deeds and security instruments381.029Affiliated business — definitions — requirements — rules — violations381.038Retention of records required, limitation, penalty for violation381.042Rules, authority, procedure381.045Violations, penalties381.048Court actions authorized, when381.052Persons authorized to conduct title insurance business381.055Powers of title insurer381.058License required for insurer to transact business of title insurance, exclusive to other types of insurance business, limitations — closing or settlement protection authorized381.062Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license381.065Net retained liability limits, maximum amount — reinsurance allowed — waiver by director of risk, when381.068Investment in title plant, amount restricted, considered asset381.071Insurer's duties, policies — examination of title, determination of insurability — showing of liens against title — records kept, duration — exceptions to requirements381.072Reserve requirements, reserve to cover all known claims — unearned premium reserve, amount, actuarial certification required, supplemental reserve, amount, deadline381.075Additional insurance laws applicable to title insurers, insurer's supervision, rehabilitation and liquidation act, exceptions — liquidation or insolvency, treatment of security and escrow funds, filing of claims, cancellation of policies, payment of fully earned premiums381.085Forms, director to approve before use — contents concerning coverage of policy, when included — disapproval by director, procedure381.112Premium tax, premium income defined381.115Licensing required for title agencies and title agents, exceptions — delegation of title searches to third party, rules — violations, penalty381.118Examination required — education requirements, exemptions — approved courses and programs — teaching credit — credits may be carried forward — extensions and waivers — certification to director of completion — nonresidents — rules — funds, depositing and use — fees for license renewal381.122Director authorized to inspect books and records381.161Contract of title insurance through specific agent, agency, or insurer prohibited381.400Definitions381.403Title insurance companies and agents may enter into construction escrow agreements and issue insured closing letters381.405Construction and guaranty agreements not authorized for title insurance companies — title insurance against mechanic liens and insured closing letters, authorized381.410Definitions381.412Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine