DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 65 Engrossed 2021 Regular Session Echols
Abstract: Provides relative to mandatory audits of title insurance producers by title insurers.
Present law provides that title insurers shall, 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.
Proposed law retains present law except the requirement that such audits be conducted on-site.
Present law provides that the department may set forth the standards and the form of periodic title
insurer audits.
Proposed law specifies that authority to set forth the standards and the form of periodic title insurer
audits rests with the commissioner of insurance.
Present law provides that the department may require title insurers to provide a copy of their audit
reports to the department.
Proposed law specifies that authority to require title insurers to provide a copy of their audit reports
to the department rests with the commissioner of insurance.
(Amends R.S. 22:526)