R592-17-2. Purpose and Scope

(1) The purpose of this rule is to specify the type of depository account that a title insurance company, an agency title insurance producer, or an individual title insurance producer shall use for depositing trust funds. (2) This rule applies to: (a) a title insurance company; (b) an agency title insurance producer; (c) or an individual title insurance producer; and (d) an employee, representative, or any other party working for or on behalf of a title insurance company, an agency title insurance producer, or an individual title insurance producer, whether as a full-time or part-time employee or as an independent contractor.