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

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)