W. Va. Code R. § 114-77-3

Current through Register Vol. XLII, No. 1, January 3, 2025

Section 114-77-3 - Definitions

As used in this rule:

3.1. "Commercial" means any title insurance not meeting the definition of "non-commercial.

3.2. "Commissioner" means the West Virginia Insurance Commissioner.

3.3. "Noncommercial" means insurance that insures title to (a) property, other than property of a business or professional nature, which is used predominantly for residential, personal, family or household purposes; and (b) unimproved property that is intended for such purposes.

3.4 "Title insurance" means insurance of owners of property or others having an interest therein, or liens or encumbrances thereon, against loss by encumbrance, defective title, invalidity or adverse claim to title.

W. Va. Code R. § 114-77-3