report of the commissioner to study - Maryland Insurance ...
report of the commissioner to study - Maryland Insurance ...
report of the commissioner to study - Maryland Insurance ...
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Appendix 3SURVEYTitle <strong>Insurance</strong> – Closing or Settlement Protection Practices StudyDue by Close <strong>of</strong> Business on Monday, July 30, 2012Please note that, unless o<strong>the</strong>rwise indicated, this Survey applies <strong>to</strong> <strong>Maryland</strong> title insurancebusiness only.Please respond <strong>to</strong> <strong>the</strong> following questions, provide <strong>the</strong> information requested, and return <strong>the</strong> signedCertification Statement for <strong>the</strong> information provided.1. Please enter <strong>the</strong> number <strong>of</strong> accounts for each category listed below that are maintained by yourtitle insurance agency as <strong>of</strong> <strong>the</strong> date on which you are responding <strong>to</strong> this Survey.___ # <strong>of</strong> operating accounts___# <strong>of</strong> escrow accounts (also known as trust or recording accounts)___ # <strong>of</strong> investment interest bearing accounts (also known as sweep accounts)___ # <strong>of</strong> title insurance premium accounts___ # <strong>of</strong> release fee (also known as recording fee) accounts___ # <strong>of</strong> o<strong>the</strong>r fiduciary and/or non-fiduciary accounts that are not listed above.If you have o<strong>the</strong>r fiduciary and/or non-fiduciary accounts that are listed above please list <strong>the</strong>mbelow. If you require additional space, please use a separate sheet <strong>of</strong> paper and attach it <strong>to</strong> thisSurvey.__________________________________________________________________________________________________________________________________________________________________2. Does your title insurance agency co-mingle its residential and commercial escrow accounts?___ Yes ____ No ___ Sometimes (If you answered “Sometimes” please attach aSeparate sheet <strong>of</strong> paper with an explanation <strong>of</strong> youranswer.)3. Does your title insurance agency co-mingle its <strong>Maryland</strong> settlement funds with <strong>the</strong> settlementfunds from o<strong>the</strong>r states?___ Yes___ No