The business of title insurance definition

The business of title insurance means the following:
Sample 1Sample 2Sample 3
The business of title insurance means the following: (1) The making as insurer, guarantor, or surety, or proposing to make as insurer, guarantor, or surety, any contract or policy of title insurance; (2) The transacting, or proposing to transact, any phase of title insurance, including solicitation, negotiation preliminary to execution, execution of a contract of title insurance, insuring, and transacting matters subsequent to the execution of the contract and arising out of it, including reinsurance; (3) The doing or proposing to do any business in substance equivalent to any of the foregoing.”
Sample 1

Examples of The business of title insurance in a sentence

  • The business of title insurance differs from that of property and casualty insurance in that its basic goal is risk elimination and not loss reimbursement.

  • The "business of title insurance" shall mean the business of title insurance as defined in Texas Insurance Code §2501.005 and as further defined in PROCEDURAL RULES AND DEFINITIONS P-1.q.][F.

  • The "business of title insurance" shall mean the business of title insurance as defined in Texas Insurance Code §2501.005 and as further defined in PROCEDURAL RULES AND DEFINITIONS P-1.q.

  • The "business of title insurance" shall mean the business of title insurance as defined in and as further defined in PROCEDURAL RULES AND DEFINITIONS P-1.q.

  • The business of title insurance is principally conducted by three distinct groups: (1) licensed title insurance agents; (2) title insurance companies/underwriters; and, (3) the title agencies appointed by the title insurance companies/underwriters.

  • The "business of title insurance" shall mean the business of title insurance as defined in [Article 9.02(f), Texas Insurance Code] [Article 9.02(b), Texas Insurance Code] and as further defined in PROCEDURAL RULES AND DEFINITIONS P-1.q.

  • The business of title insurance includes the title search and examination and the determination of insurability.

Related to The business of title insurance

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Documents of Title Has the meaning given that term in the UCC.

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Document of title means a record that in the regular course of business or financing is treated as adequately evidencing that the person in possession or control of the record is entitled to receive, control, hold, and dispose of the record and the goods the record covers and that purports to be issued by or addressed to a bailee and to cover goods in the bailee's possession which are either identified or are fungible portions of an identified mass. The term includes a bill of lading, transport document, dock warrant, dock receipt, warehouse receipt, and order for delivery of goods. "Electronic document of title" means a document of title evidenced by a record consisting of information stored in an electronic medium. "Tangible document of title" means a document of title evidenced by a record consisting of information that is inscribed on a tangible medium.

  • Purchased Equipment means any equipment, including any Software, sold by BT to the Customer.

  • Title Insurance An American Land Title Association (ALTA) mortgage loan title policy form 1970, or other form of Title Insurance Policy acceptable to FNMA or FHLMC, including all riders and endorsements thereto, insuring that the Security Instrument constitutes a valid first lien on the related Mortgaged Property subject only to permitted encumbrances.

  • Acceptable Document of Title means, with respect to any Inventory, a tangible, negotiable xxxx of lading or other Document (as defined in the UCC) that (a) is issued by a common carrier which is not an Affiliate of the Approved Foreign Vendor or any Loan Party which is in actual possession of such Inventory, (b) is issued to the order of a Loan Party or, if so requested by the Agent, to the order of the Agent, (c) names the Agent as a notify party and bears a conspicuous notation on its face of the Agent’s security interest therein, (d) is not subject to any Lien (other than in favor of the Agent), and (e) is on terms otherwise reasonably acceptable to the Agent.

  • Third Party Equipment has the meaning given such term in Section 4.8 of this Agreement.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Certificate of title means, with respect to any Financed Vehicle, the certificate of title or other documentary evidence of ownership of such Financed Vehicle as issued by the department, agency or official of the jurisdiction (whether in paper or electronic form) in which such Financed Vehicle is titled responsible for accepting applications for, and maintaining records regarding, certificates of title and liens thereon.

  • School equipment means a durable school-owned machine, equipment, or tool used by a student as part of an activity, course, or program in a secondary school and includes a saw or 3D printer. “School equipment” includes a saw or 3D printer.

  • Company Equipment means all equipment supplied by the Company to the Contractor, to use in the performance of the Work and which is specified in the Contract as “Company Equipment”.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Title Documents shall have the meaning set forth in Section 4.1.

  • Farm equipment means equipment used directly for farming

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • Acquired Assets has the meaning set forth in Section 2.1.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Property line means the division line between two units of land.

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.