report of the commissioner to study - Maryland Insurance ...

Appendix 27. Does this title insurer maintain a bond, insurance policy, or any other form of coverage againstloss caused specifically by the theft of escrow funds by an appointed producer? ____Yes ____Noa. If you answered “Yes” to Question #7, please provide the following information for eachform of coverage that the title insurer maintains. If the title insurer maintains more thanone form of coverage, please use a separate sheet of paper to report the below-listedinformation for each form of coverage and attach it to this Survey.The type of coverage (for example, bond, insurance policy, etc.): _________________________The carrier’s name:______________________________________________________________The dollar amount of the coverage: _________________________________________________The annual premium amount paid: _________________________________________________8. Under this title insurer’s reinsurance policy, is a loss due to theft of escrow funds covered?_____ Yes _____Noa. If you answered “Yes” to Question #9, is there a dollar amount cap for a loss due to thetheft of escrow funds? ____ Yes _____ Noi. If there is a dollar amount cap for a loss due to the theft of escrow funds, what isthe cap? $____________________ii. If there is a dollar amount cap for a loss due to the theft of escrow funds, is thiscap applied per occurrence or in the aggregate?___ Per Occurrence ___ In the Aggregateb. What is the name of this title insurer’s reinsurance carrier?_______________________________9. Please provide the Loss Ratio for this title insurer for each of the years 2009, 2010 and 2011 onSchedule C of this Survey.10. Does this title insurer have a written policy and procedure wherein its appointed agencies andproducers must notify it of the sale of insurance including the date of sale and amount of titleinsurance sold?____Yes____Noi. If you answered “Yes” to Question #10, please attach a copy of the policy andprocedure to this Survey.ii. If you answered “No” to Question #10, please explain on a separate sheet ofpaper this title insurer’s procedure for notification from its appointed agenciesand producers of the sale of insurance including the date of sale and amount ofinsurance sold.11. Please provide a copy of this title insurer’s standard Maryland Agency Agreement as anattachment to this Survey.