Which of the following is required before a Title Insurance Agency/Title Insurer can be issued a certificate of authority?

The requirement for a Title Insurance Agency or Title Insurer to be issued a certificate of authority encompasses several foundational criteria vital to ensuring the organization's financial stability and regulatory compliance.

Organizing as a stock company or mutual insurance company assures that the agency or insurer is structured and regulated under specific provisions that govern these types of entities, ensuring a level of baseline adherence to the laws that govern insurance businesses. This is crucial as it aligns the operations with standard practices in the insurance industry.

Additionally, having and maintaining a $750,000 paid-in capital stock, if organized as a stock company, demonstrates the financial strength necessary to underwrite title insurance policies. This amount of capital serves as a cushion for claims and operational costs, fostering confidence among consumers and regulatory bodies that the agency can meet its obligations.

As such, both the structural requirement of being organized appropriately and the financial requirement of maintaining adequate capital are integral components required for a Title Insurance Agency or Title Insurer to obtain a certificate of authority. Thus, choosing the option that includes both criteria accurately reflects the necessary standards for certification.