20-1592. Records
A. Every domestic title insurer shall, except as hereinafter provided, keep and
maintain at its principal office in this state:
1. A true copy of its articles of incorporation as filed in the office of the
corporation commission, and the original of its by-laws,
2. Its books of account,
3. A record containing the names and addresses of its stockholders, the number and
class of shares held by each and the dates when they respectively became the owners of
record thereof, and
4. The minutes of any meetings of its stockholders, board of directors and
committees thereof.
B. A domestic title insurer may keep and maintain its books of account without this
state if, in accordance with a plan adopted by its board of directors and approved by the
director, it maintains in this state suitable records in lieu thereof; provided, however,
that the director may after notice and hearing direct such title insurer to return all or
any of its books of account to this state if such return is reasonably necessary (1) to
protect the interests of the people of this state, or (2) to permit their inspection in
this state by a director or stockholder who has shown to the satisfaction of the director
that he has made an application to such title insurer for inspection of such books in
good faith and for a necessary and legitimate purpose, and that such title insurer has
either declined to permit such inspection or to agree to pay any additional expenses
reasonably to be incurred by the applicant, or his agent or attorney, in connection with
the inspection of such books as a result of their maintenance without this state. If in
the judgment of the director delay in the return of any or all books of account of such
title insurer may be hazardous, or may cause irreparable injury, to the people of this
state or to the policyholders of such title insurer, he may direct the return thereof
without notice and hearing.
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