§36-5005. Exemptions and application of other laws.
226 words·~1 min read·
/ok/title-36-insurance/36-5005·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Title insurers shall be governed by this article and, to the extent not modified by or inconsistent with the provisions of this article or the provisions of this code made applicable to such insurers, by the general laws of this state governing corporations organized for profit.
B. To the extent not modified by the provisions of this article, title insurers shall be subject to and governed by the other applicable provisions of this code.
C. No new insurance law hereafter enacted shall be deemed to apply to title insurers unless they be expressly referred to therein.
D. Notwithstanding anything to the contrary, the following sections, acts and articles of the Insurance Code and related rules of the Insurance Department shall apply to title insurers in addition to those applicable to title insurers on November 1, 2008:
1. Section 311 of this title, Annual Financial Statements;
2. Section 615.2 of this title, Duty of Domestic Insurers and Health Maintenance Organizations to Keep Biographical Information Current;
3. Article 12, Unfair Practices and Frauds;
4. Article 12A-1, Unfair Claims Settlement Practices Act;
5. Article 16A, Subsidiaries of Insurers;
6. Article 18, Supervision and Conservatorship of Insurers Act; and
7. Article 19, Rehabilitation and Liquidation. Added by Laws 1957, p. 408, § 5005, operative July 1, 1957. Amended by Laws 2008, c. 184, § 22, eff. July 1, 2008.