§ 26-23-316 — Title agents; license required; requirements as to license

(a) No person shall act as a title agent unless licensed
in accordance with this article.
(b) No license shall be issued to, continued or permitted
to exist for any person to act as a title agent unless the
person:
(i) Is at least eighteen (18) years of age;
(ii) Is a bona fide resident of and resides within
this state or any other state which has entered into a
reciprocal title agent licensing agreement with the
commissioner;
(iii) Is appointed as a title agent by a title
insurer, subject to the issuance of the title agent's license;
(iv) Passes an examination given by the commissioner
or any testing service selected by the commissioner covering the
search and examination of title to real property, insurance
principles relating to title insurance and the fiduciary duties
and procedures of escrows, closings and settlements of real
estate transactions.
(c) Any person, other than a natural person, to whom a
title insurance agent's license is issued shall designate to the
commissioner those natural persons who are or will be exercising
the powers and performing the duties of the title insurance
agent. The designated individuals are subject to paragraphs
(b)(i) and (iii) of this section. Persons performing only
clerical functions are not subject to the requirements of
subsection (b) of this section.
(d) Any person, other than a natural person, to whom a
title insurance agent's license is issued shall demonstrate that
each natural person designated to exercise the powers and
perform the duties of the title insurance agent meets the
requirements of subsection (b) of this section.