93-06: Title Plant Registration

* This bulletin was repealed by 08-05

To:           All Title Insurers

From:      Jay Angoff, Director

Re:          Title Plant Registration

Date:       June 16, 1993

Missouri insurance regulation 20 CSR 500-7 provides the form which is to be submitted to this department for annual title plant registration. This regulation does not however, provide a date by which title plant operators must submit said registration to this department. It has come to the attention of this department that the omission of a specified registration date has caused undue confusion among title plant operators many of which have voiced a request that a specific date be named as a registration deadline.

As of this notice, the annual registration of Missouri title plants must be received by this office on/by September 1 of this and each succeeding year.

Completion in full of all fields is necessary for proper registration. Registration forms with vague or incomplete responses will be returned to the plant operator for revision. Included are the fields dealing with the business practice of allowing competitor access to title files and/or makig title search data available to other agencies on a sales basis. Careful completion of these fields help to ensure the protection of title plants from outside title agencies which attempt to issue title policies without performing a title search in the registered plant(s) of the county where the property is located.

Questions regarding this bulletin should be addressed to Allen Uptegrove of the Property & Casualty section at (314) 751-3365.