20-1588. Examination of records; order; notice
162 words·~1 min read·
/az/title-20/20-1588A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. If he has reason to believe that any title insurance agent has violated or is violating any of the provisions of this article, the director shall forthwith examine such title insurance agent's books of account, records and vouchers pertaining to the business of title insurance, and any title insurance agent so examined shall pay to the director the cost of such examination on demand.
B. The director's order after an examination of a title insurer and its authorized title insurance agents shall describe each violation found by the director, the name of the title insurer or title insurance agent that caused or committed the violation and the penalty, if any, imposed for each violation.
C. After an examination of a title insurer and its authorized title insurance agents, a copy of the director's order or notice to the title insurer under section 20-151 shall be provided to each title insurance agent of the title insurer affected by the order or notice.