1. No policy or contract of title insurance may be completed or executed until the title insurer has or has caused to be:
- (a) Conducted a reasonable search and examination of the title; and
- (b) Determined the insurability of the title in accordance with its established underwriting practices.
- 2. Each title insurer shall maintain records and evidence of its search and examination and of its determination of insurability for a period of not less than 5 years after the date of the policy or contract.
(Added to NRS by 1977, 982; A 1989, 585)