(1) Subject to the exceptions and restrictions contained in this subchapter, a title insurer may: Transact only title insurance business;
(2) Reinsure title insurance policies; and
(3) Unless prohibited by the Insurance Commissioner, perform or cause to be performed ancillary activities whether or not in contemplation of or in conjunction with the issuance of a title insurance report or title insurance policy including: Underwriting title to and furnishing related information about personal property or real property; and
(4) Procuring and furnishing information about relevant personal property.
(5) Only a title insurer may issue closing protection or issue as an insurer a title insurance policy.