Which item is NOT required to be disclosed to the Insurance Commissioner regarding affiliated business arrangements?

Which item is NOT required to be disclosed to the Insurance Commissioner regarding affiliated business arrangements?

• A. Physical Location of Affiliated Businesses
• B. Company's Officers
• C. Settlement Producer Associated
• D. Underwriter of the Title Insurance Business

Answer: (B)

Disclosures about affiliated business arrangements focus on who is involved, where they operate, and who backs the title insurance, so regulators can monitor for conflicts of interest and ensure proper supervision of referrals and fees. The Insurance Commissioner expects to see the physical location of each affiliated business, the settlement producer associated with the arrangement, and the underwriter of the title insurance. These items help confirm the structure and conduct of the arrangement. The officers of the company aren’t part of the information the commissioner needs to evaluate the ABA’s regulatory compliance, so they aren’t required to be disclosed.

Disclosures about affiliated business arrangements focus on who is involved, where they operate, and who backs the title insurance, so regulators can monitor for conflicts of interest and ensure proper supervision of referrals and fees. The Insurance Commissioner expects to see the physical location of each affiliated business, the settlement producer associated with the arrangement, and the underwriter of the title insurance. These items help confirm the structure and conduct of the arrangement.

The officers of the company aren’t part of the information the commissioner needs to evaluate the ABA’s regulatory compliance, so they aren’t required to be disclosed.