Section 21.66.190. Limitations on powers.

Latest version.

   (a) An insurer that transacts any class or kind of insurance other than title insurance is not eligible for the issuance or renewal of a certificate of authority to transact the business of title insurance in this state.
   (b) A title insurance company may not engage in the business of guaranteeing the payment of the principal or the interest of bonds or other obligations.

Notes

History

(Sec. 6 ch 120 SLA 1974)

                    
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