Title insurers and title agents: Fees for supervision and examination by Commissioner; standards for determining adequate supervision of title agents and escrow officers.

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1. The Commissioner shall establish by regulation the fees to be paid by title agents and title insurers for their supervision and examination by the Commissioner or a representative of the Commissioner.

2. In establishing the fees pursuant to subsection 1, the Commissioner shall consider:

(a) The complexity of the various examinations to which the fees apply;

(b) The skill required to conduct such examinations;

(c) The expenses associated with conducting such examinations and preparing reports; and

(d) Any other factors the Commissioner deems relevant.

3. The Commissioner shall, with the approval of the Commissioner of Financial Institutions, adopt regulations prescribing the standards for determining whether a title insurer or title agent has maintained adequate supervision of a title agent or escrow officer pursuant to the provisions of this chapter.

(Added to NRS by 1991, 1855; A 1993, 580; 2001, 2228)


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