20-1593. Joint examination; department of
financial institutions; powers and duties
A. The director and the superintendent of financial institutions shall conduct
their examinations of title insurers and title insurance agents according to the
following:
1. The director shall notify the superintendent of financial institutions at least
thirty days before an examination by the director of a title insurer or title insurance
agent.
2. If the examination of the title insurer or title insurance agent as an escrow
agent is required under section 6-122, the superintendent shall conduct that examination
under section 6-122 at the same time as the director conducts his examination.
B. Beginning January 1, 1994, the department of financial institutions shall
regulate all escrow activities that are regulated under this title, including the filing
of escrow rates or fees for escrow services performed by a title insurer or title
insurance agent that is a licensed escrow agent under title 6.
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