Chicago Title Insurance Company Issuing Agency Contract

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CHICAGO TITLE INSURANCE COMPANY
ISSUING AGENCY CONTRACT
CHICAGO TITLE INSURANCE COMPANY ("Principal"), and Name , Firm, Address, City, State, ("Agent") agrees
as follows:
1.
Appointment of Agent. Principal appoints Agent as an Agent of Principal for the promoting and
transacting of a title insurance business in the County(ies) of
ALL
, in the State of State allowed with the approval
of Principal.
Agent may validate, countersign, issue and deliver commitments, policies and endorsements of Principal on forms
supplied by Principal in the manner provided by this agreement and the rules of the Principal as shall from time to time be
furnished to the Agent. Principal and Agent agree that business under this contract shall be conducted in accordance with
the laws and regulations of the above named state.
2.
Limitations on Agent's Authority. Agent shall not, without written approval of Principal:
A.
Commit Principal to a risk in excess of $Liablility Amount.
B.
Commit Principal to a risk which Principal has by rules determined to be an extraordinary or extra-
hazardous risk or which Agent knows to be based upon a disputed title.
C.
Alter forms furnished by Principal except in cases authorized by Principal.
D.
Adjust any claim for loss for which Principal may become liable.
E.
Accept service of process on Principal.
F.
Incur bills or debts chargeable to the Principal.
G.
Commit Principal to a risk on a transaction in which the agent has an interest.
3.
Duties of Agent. Agent shall:
A.
Receive and process applications for title insurance in a timely, prudent and ethical manner with due
regard to recognize title insurance underwriting practices and in accordance with the rules and instructions of Principal.
B.
Supply at Agent's expense office space and qualified personnel for the handling of business under this
agreement.
C.
Prepare, maintain and preserve a file for each application for title insurance. Such file shall include all
supporting documents which enable Agent to issue such insurance, including, but not limited to, affidavits, lien waivers,
surveys, searches, examinations, and work sheets, together with a copy of commitments, policies and endorsements issued.
Title to same shall vest in Principal.
D.
Send to Principal a copy of each policy and endorsement issued by Agent.
E.
Keep a policy register in a form approved by Principal showing the disposition of all policies and other
pre-numbered forms furnished by Principal. Upon request by Principal, Agent shall furnish a statement accounting for all
such forms.
F.
Keep safely in accounts separate from Agent's personal or operating accounts all funds received by Agent
from any source in connection with transactions(s) in which Principal's title insurance is involved, disburse said funds only
for the purposes for which same were entrusted, and reconcile all such accounts not less frequently than monthly. Principal
shall have the right to examine, audit and approve Agent's accounting procedures to assure compliance with the Principal's
Settlement Services Policy Statement for Agents, a copy of which is being delivered to Agent simultaneously with the
execution of this contract.
G.
Provide Principal on an annual basis, copies of annual financial statements of the agency, said statements
to be kept confidential by Principal.
4.
Duties of Principal. Principal shall:
A.
Furnish Agent forms of commitments, policies, endorsements and forms for the accounting of the same
required for the transaction of business hereunder.
B.
Furnish to Agent rules and instructions for guidance in transacting business hereunder. A copy of the
Principal's Underwriting Guide is being delivered to Agent simultaneously with the execution of this contract. The
Underwriting Guide may be amended, updated and supplemented by such other memos and bulletins as Principal may issue
from time to time.
C.
Determine all risk assumption questions submitted by Agent.
D.
Arrange for reinsurance where required, to the extent such reinsurance is available.

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