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ROBERT L. EHRLICH, JR., Governor
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Ch. 620
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(D) NOTWITHSTANDING ANY OTHER PROVISION OF THIS SUBTITLE, THE
BONDING, EDUCATION, EXPERIENCE, AND EXAMINATION REQUIREMENTS OF THIS
SUBTITLE RELATING TO TITLE INSURANCE PRODUCERS DO NOT APPLY TO
QUALIFIED TITLE INSURER EMPLOYEES.
10-125.
(a) (1) In this section the following words have the meanings indicated.
(2) "ATTORNEY AT LAW" MEANS AN INDIVIDUAL ATTORNEY WHO IS
ADMITTED TO PRACTICE BEFORE LAW BY THE COURT OF APPEALS OF THE STATE.
[(2)] (3) (i) "Law firm" means an association of attorneys who are
admitted to practice before the Court of Appeals of the State who EMPLOY, OR ARE IN
PARTNERSHIP OR OTHER ASSOCIATION WITH, AN ATTORNEY AT LAW OR ATTORNEYS
AT LAW WHO AN ASSOCIATION OF ATTORNEYS IN A LAW PARTNERSHIP,
PROFESSIONAL CORPORATION, SOLE PROPRIETORSHIP, OR OTHER BUSINESS ENTITY
WHO:
1. are primarily engaged in the practice of law; and
2. solicit, procure, or negotiate title insurance contracts only
as an incident to the practice of law.
(ii) ["Law firm" includes a sole practitioner.
(iii)] "Law firm" does not include:
1. an attorney or an association of attorneys who own,
operate, or share an interest in a title agency; or
2. an attorney who is employed by a title agency as a title
insurance producer.
[(3) (i)] (4) (I) "Title agency" means a business ENTITY, OTHER THAN
A LAW FIRM, formed for the primary purpose of soliciting, procuring, or negotiating
title insurance contracts and providing settlement services.
[(ii) "Title agency" includes a sole proprietor, partnership, or
corporation.]
(b) Subject to this section, the Commissioner may issue a limited lines license
to an attorney at law [of the State] WHO SOLICITS, PROCURES, OR NEGOTIATES
TITLE INSURANCE CONTRACTS to act as a title insurance producer.
(c) All licensing provisions of this subtitle apply to:
(1) AN ATTORNEY AT LAW WHO SOLICITS, PROCURES, OR NEGOTIATES
TITLE INSURANCE CONTRACTS; AND
(2) title agencies even if the title agency is established or owned by an
attorney or [a law firm] AN ASSOCIATION OF ATTORNEYS.
(d) Notwithstanding any other provision of this subtitle:
- 2891 -
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