Rhode Island Title Insurers Act

This act governs the business of title insurance, setting out who may underwrite title policies and on what financial footing. It requires title insurers to organize in corporate form and meet minimum capital, surplus, admitted-asset, reserve, and diversification standards, while limiting them to title-related activities and prescribing how they are wound up in liquidation, dissolution, or insolvency. It also regulates market conduct — the duties insurers owe when working through title insurance agents, bans on rebates, fee splitting, and favoring particular agents, and the filing of premium rates and policy forms (including filings made through rating bureaus) — backed by penalties and liability provisions for violations.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.