Under the Rules of Agency, how is the fiduciary relationship between a title insurer and title agent evidenced?

The fiduciary relationship between a title insurer and a title agent is primarily evidenced through an agency contract or agreement. This document outlines the terms and conditions under which the title agent operates on behalf of the title insurer, establishing the responsibilities and expectations of both parties. It formalizes the relationship and delineates the duties that the title agent has toward the insurer, which includes a duty to act in the best interest of the insurer while conducting business.

The agency contract serves as a legal framework that ensures compliance with various regulations and provides clarity on the scope of the agent's authority. This is crucial in the title insurance context, as it directly affects the handling and processing of title insurance policies, claims, and the overall representation of the title insurer in transactions. By defining this relationship through a formal agreement, both the title insurer and agent affirm their commitment to uphold the fiduciary responsibilities required by law and best practices in the industry.

The other options, while related to real estate and title transactions, do not specifically establish the fiduciary relationship in the same way that an agency contract does.