Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.05.01 - RULES FOR TITLE INSURANCE REGULATION
Section 18.05.01.001 - TITLE AND SCOPE
Universal Citation: ID Admin Code 18.05.01.001
Current through August 31, 2023
01. Title. IDAPA 18.05.01, "Rules for Title Insurance Regulation." (3-31-22)
02. Purpose. This rule applies to all title insurers and title insurance agents and: (3-31-22)
a. Defines and clarifies the meaning
of "a complete set of tract indexes or abstract records" as used in Section
41-2702, Idaho Code.
(3-31-22)
b. Provides procedural
rules as to the way title insurers, title insurance agents and escrow officers
are to perform certain actions, charge rates for various services, and provide
insurability on certain matters. (3-31-22)
c. Clarifies consumer protection on title
insurance products. (3-31-22)
d.
Preserves the financial stability of title insurers and title insurance agents.
(3-31-22)
e. Defines certain fair
trade practice standards for title insurance, the violation of which will
constitute rebates and/or illegal inducements by Sections
41-2708(3) and
41-1314, Idaho Code. This rule
does not limit the Director's authority to determine that other title insurance
trade practices constitute violations of Title 41, Chapter 27 and 41-1314,
Idaho Code. (3-31-22)
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