RÉSUMÉ DIGEST
ACT 8 (HB 65) 2021 Regular Session Echols
Prior law provided that title insurers would, at least once every three years, conduct an on-
site audit of the escrow and settlement practices, escrow accounts, security arrangements,
files, underwriting and claims practices, and policy inventory of the producer.
New law changes prior law to repeal the requirement that such audits be conducted on-site.
Prior law provided that the department could set forth the standards and the form of periodic
title insurer audits.
New law specifies that the authority to set forth the standards and the form of periodic title
insurer audits rests with the commissioner of insurance.
Prior law provided that the department could require title insurers to provide a copy of their
audit reports to the department.
New law specifies that the authority to require title insurers to provide a copy of their audit
reports to the department rests with the commissioner of insurance.
Effective August 1, 2021.
(Amends R.S. 22:526)


Statutes affected:
HB65 Original:
HB65 Engrossed:
HB65 Enrolled:
HB65 Act :