Section 26-A4108. PROHIBITED CONTRACTS, POLICIES, AND GUARANTEES OF INSURANCE; COMMISSIONS AUTHORIZED

 

4108.1 A title insurer may not make or issue a contract, policy, or guarantee of insurance except in accordance with filings approved as provided in this chapter.

 

4108.2 Each title insurer shall use the rates or premiums as approved by the Commissioner and may not deviate from the rates or premiums or allow to or for the account of an insured a rebate or discount on the rates or premiums payable.

 

4108.3 A title insurer may pay or allow a commission to a licensed insurance producer of the title insurer as compensation for procuring business.

 

authority

The Acting Commissioner of the Department of Insurance, Securities and Banking, pursuant to the authority set forth in section 2164 of the Fiscal Year 2011 Budget Support Act of 2010, effective September 24, 2010 (D.C. Law 18-223; 57 DCR 6242) (“Title Insurance Insurer Act of 2010”).

source

Notice of Emergency and Proposed Rulemaking published at 57 DCR 12276 (December 24, 2010)[EXPIRED]; as amended by Notice of Final Rulemaking published at 58 DCR 2487, 2490 (March 18, 2011).