Current through September 2, 2024
Section 18.05.01.001 - TITLE AND SCOPE01.Title. IDAPA 18.05.01, "Rules for Title Insurance Regulation."02.Purpose. This rule applies to all title insurers and title insurance agents and:a. Defines and clarifies the meaning of "a complete set of tract indexes or abstract records" as used in Section 41-2702, Idaho Code.b. Provides procedural rules as to the way title insurers, title insurance agents and escrow officers are to perform certain actions, charge rates for various services, and provide insurability on certain matters.c. Clarifies consumer protection on title insurance products.d. Preserves the financial stability of title insurers and title insurance agents.e. Defines certain fair trade practice standards for title insurance, the violation of which will constitute rebates and/or illegal inducements by Sections 41-2708(3) and 41-1314, Idaho Code. This rule does not limit the Director's authority to determine that other title insurance trade practices constitute violations of Title 41, Chapter 27 and 41-1314, Idaho Code.Idaho Admin. Code r. 18.05.01.001