Nev. Rev. Stat. ch. 692A – Title Insurance | Midpage

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Nevada Revised Statutes

Chapter 692A

Nev. Rev. Stat. ch. 692A

Title Insurance

692A.011Definitions 692A.015“Abstract of title” defined 692A.021“Applicant” defined 692A.022“Business of title insurance” and “title insurance business” defined 692A.023“Commitment to insure” and “preliminary report of title” defined 692A.024“Escrow” defined 692A.028“Escrow officer” defined 692A.031“Net retained liability” defined 692A.035“Policy of title insurance” and “title policy” defined 692A.041“Premium” defined 692A.050“Single risk” defined 692A.060“Title agent” defined 692A.070“Title insurer” defined 692A.080“Title plant company” defined 692A.090Regulations 692A.100Title agents, title insurers and escrow officers: Licensing required; maintenance and examination of records; separation of money held in escrow; regulations 692A.103License as escrow officer: Application; qualifications; fees; issuance; period of validity; renewal; expiration; contents; availability for public inspection; notice of change of address; regulations 692A.103License as escrow officer: Application; qualifications; fees; issuance; period of validity; renewal; expiration; contents; availability for public inspection; notice of change of address; regulations 692A.1033Payment of child support: Statement by applicant for license as title agent or escrow officer; grounds for denial of license; duty of Commissioner 692A.1035Suspension of license for failure to pay child support or comply with certain subpoenas or warrants; reinstatement of license 692A.1037Application for issuance of license as title agent or escrow officer must include social security number 692A.1039License: Required; application; fee; issuance; period of validity; renewal; suspension or revocation; exception 692A.1041Title agent and insurer required to deposit surety bond or substitute form of security with Commissioner; requirements for bond or other security 692A.1042Additional requirements regarding substitute form of security; interest or dividends accrue to depositor 692A.1044Action on bond: Procedure; limitation on time; duties of Commissioner; preliminary payment by surety; action for interpleader; payment 692A.1045Title insurers and title agents: Fees for supervision and examination by Commissioner; standards for determining adequate supervision of title agents and escrow officers; regulations 692A.105Disciplinary action against title agent or escrow officer or refusal to license 692A.107Disciplinary action against title insurer or refusal to license 692A.108Powers of Commissioner when assets or capital of title agent impaired or title agent’s affairs are in unsafe condition 692A.109Period to remedy deficit or unsafe condition; receivership 692A.110Title insurers: Authorized activities; prohibited activity; certification and supervision of title agents and escrow officers 692A.113Notification of change of name or location of business; reissuance of license to escrow officer who transfers association; penalties 692A.117Confidential records 692A.120Rate schedules, schedules of charges and forms: Filing; approval by Commissioner; exceptions; prohibited acts 692A.130Publication, contents and filing of schedule of fees and charges; using services of rating organizations; engaging in joint underwriting and reinsurance 692A.140Schedule of fees and charges: Printing; display; copies; changes and amendments; retention; inspection 692A.150Reserve against unpaid losses and loss expenses 692A.160Unearned premium reserve 692A.170Foreign or alien title insurers required to maintain same reserves required of domestic insurers 692A.180Limitation on net retained liability for single risk; waiver of limitation by Commissioner 692A.190Circumstances in which premiums and charges from personal and controlled insurance constitute unlawful rebates 692A.200Division of rates and charges 692A.210Waiver of right to purchase owner’s title insurance upon issuance of policy to mortgagee; form of notice and waiver 692A.220Search and examination and determination of insurability of title required; retention of records 692A.225Closing protection letter: Title insurer authorized to provide; indemnification against certain losses; fee; providing indemnification against certain losses by other means prohibited 692A.240License as title insurer, title agent, escrow officer, escrow agent or escrow agency required to engage in business of administering escrows 692A.250Money deposited in escrow: Exemption from execution; designation; permissible depository; regulations defining “commingling” and prescribing business practices 692A.255Money deposited in escrow: Requirements for disbursement; disbursement on same business day allowed for certain forms of deposit; compliance with federal laws and regulations 692A.260Records of escrow transactions and financial condition; making and filing of statement of business 692A.270Applicability of other provisions to title insurers, title agents and escrow officers