50 Ill. Adm. Code 8100.1600
Registration of Title Insurance Agents
Section 8100
Section 8100.1600
Registration of Title Insurance Agents
a) Each company shall make the annual filing of the required
registration form for title insurance agents on or before February 1 of each
year. Included with the filing shall be the annual fee computed in accordance
with Section 14(b) of the Act.
b) Each company shall file supplemental registrations for new
title insurance agents. Each new title insurance agent shall be registered
with the Division within 30 days after the signing of the agency agreement.
c) No title insurance agent shall conduct business before:
1) having obtained errors and omissions insurance, if required by
the terms of the agency agreement, in an amount acceptable to the title
insurance company appointing the agent; and
2) being registered with the Division.
d) A company may voluntarily withdraw the registration of a title
insurance agent or limit the duties of a title insurance agent. Within 5
business days after the withdrawal or limitation, the company shall notify the
Division of the action taken.
e) Withdrawal of the registration of a title insurance agent or
limitation of the duties of a title insurance agent shall not be deemed to
prevent the Division from taking action under Section 21(a) of the Act.