Which of the following is NOT a common requirement for title insurance policy issuance?

The answer is focused on understanding the typical requirements involved in the issuance of a title insurance policy. A common requirement for obtaining a title insurance policy includes the payment of premiums, as title insurers need to collect a fee for the coverage they provide. There must also be a clear title history to ensure that the property being insured is free of any liens or encumbrances that could affect ownership rights. The completion of the underwriting process is essential as well, as this process evaluates the risks associated with insuring the property and ensures that all necessary information has been reviewed properly.

In contrast, compliance with local building codes is not a standard requirement for title insurance. Title insurance primarily deals with the legal ownership and transfer of property, while building codes pertain to construction standards and safety regulations. Therefore, while complying with local building codes is important for property development and maintaining safety standards, it does not directly impact the issuance of a title insurance policy.