20-1565. Additional powers
116 words·~1 min read·
/az/title-20/20-1565A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. A title insurer may provide any other services reasonably related to the land title business and may engage in any other business which is not inconsistent with the business of issuing title insurance policies and which may be authorized by its corporate charter, but only if such services and businesses are not prohibited to it by this title and if the title insurer qualifies for and obtains any other applicable license or certificate that is required by any other law regulating the services or business.
B. Neither a title insurer nor a title insurance agent shall engage in the business of guaranteeing the payment of the principal or the interest of bonds or other obligations.