40-1138. Same; agent record requirements; inspection.
40-1138
40-1138. Same; agent record requirements;inspection.(a) The title insurance agent shall maintain sufficientrecordsof itsescrow operations and escrow trust accounts so that the commissioner mayadequately ensure that the title insurance agent is in compliance with allprovisions of K.S.A. 40-1135 through 40-1141 and amendments thereto.The commissionermay prescribe thespecific recordentries and documents to be kept and the length of time for which the recordsmust be maintained.
(b) The title insurance agent shall make available for inspection by thecommissioner, or the commissioner's representatives, all records relating tothe title insurance agent's escrow, settlement and closing business, and anyother fiduciary trust accounts required to be kept by the title insuranceagent. Such availability for inspection shall include any records to whichsubsection (f) of K.S.A. 40-1137 and amendments thereto applies.
History: L. 1999, ch. 95, § 11; July 1.