3901-7-01 Annual review of title insurance agent escrow accounts.

 

 

 

STATE OF OHIO DEPARTMENT OF INSURANCE

50 West Town Street, 3rd Floor, Suite 300 Columbus, Ohio 43215

 

 

 

IN THE MATTER OF PUBLIC                                :

HEARING FOR THE AMENDMENT OF              : NOTICE OF PUBLIC HEARING OHIO ADMINISTRATIVE CODE     :

SECTION 3901-7-01                                                 :

 

 

 

Pursuant to section 119.03 of the Ohio Revised Code, the Superintendent of Insurance, State of Ohio, will hold a public hearing at 10:30 a.m., on Monday, June 21, 2010 at the Ohio Department of Insurance, Public Hearing Room, 50 West Town Street, 3rd Floor, Suite 300, Columbus, Ohio, to consider the amendment of Ohio Administrative Code Section 3901-7-01 Annual review of title insurance agent escrow accounts.

 

This rule establishes the criteria for the annual independent review of title insurance agents' escrow, settlement, closing, and security deposit depository institution accounts.

 

The purpose for amending this rule is to remove and add definitions, expand the pool of small businesses exempt from annual review requirements, simplify the annual review technical and filing procedures, and permit electronic filing when available.

 

Requests for copies of this rule should be addressed to Tina Chubb, Ohio Department of Insurance, 50 West Town Street, 3rd Floor, Suite 300 Columbus, Ohio 43215, or proposed rule can be viewed online at www.insurance.ohio.gov.

 

 

Stephen C. Hombach, Staff Attorney

 

 

 

Dated at Columbus, Ohio this 18th day of May, 2010.