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ROBERT L. EHRLICH, JR., Governor S.B. 463
(2) "ATTORNEY AT LAW" "ATTORNEY" MEANS AN INDIVIDUAL ATTORNEY
WHO IS AN INDIVIDUAL ADMITTED TO PRACTICE BEFORE LAW BY THE COURT OF
APPEALS OF THE STATE.
[(2)] (3) (i) "Law firm" means an association of attorneys AT LAW
[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:
[(1) the bonding requirements of this subtitle relating to title insurance
producers do not apply to law firms and individual attorneys practicing law in law
firms;
(2) the limited liability company, corporate, and partnership
requirements of this subtitle relating to title insurance producers do not apply to law
firms; and
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