What is typically included in the duties of a title agent to their insurer under the Rules of Agency?

The duties of a title agent to their insurer under the Rules of Agency generally emphasize the agent's responsibility to conduct their work with reasonable diligence and skill. This ensures that the title agent acts competently and takes the necessary steps to protect the interests of the insurer, as well as those of the clients involved in real estate transactions.

By adhering to a standard of reasonable diligence, the title agent must thoroughly examine and assess the title to the property in question, identify potential issues, ensure compliance with applicable laws, regulations, and standards, and maintain accurate records. This level of diligence is critical to fostering trust and reliability in the title insurance process, ultimately safeguarding against potential claims and liabilities that could arise from title defects or errors in the title process.

In contrast, while advertising and marketing agency services, or setting market conditions for title policies may be functions associated with running an agency, they do not fall within the core fiduciary responsibilities outlined in the agency rules. Similarly, determining insurance premium rates is generally not a duty of a title agent, as this decision typically lies with the insurance provider or regulatory bodies, rather than the individual agent.