A title insurer has a right to examine the records of a title producer under which condition?

A title insurer is entitled to examine the records of a title producer at any reasonable time to ensure compliance with regulatory standards and the terms of the insurance agreements. This right establishes a mechanism for the insurer to monitor the activities of the title producer, which can include verifying transactions, audits for accuracy, scrutinizing the handling of funds, and ensuring that the title producer operates within the legal framework governing title insurance.

This ability is critical for maintaining the integrity of the title insurance process, safeguarding against fraud, and ensuring that all parties adhere to the rules and regulations that protect consumers and the insurance industry as a whole. Regular examinations help prevent potential violations before they escalate into significant issues.

Other conditions mentioned, such as requiring a complaint or allegations of theft, would limit the insurer’s ability to conduct routine oversight and could result in a lack of accountability within the industry. The right to review records at reasonable times provides a proactive approach to managing risks and upholding standards in the title insurance market.