Legal Opinion
Opn. No.
New York Attorney General Reports
Decided July 7, 1983Published
1Opinion of the Court
Honorable James P. Corcoran Superintendent Insurance Department
Your counsel has asked whether a title abstract corporation is engaging in the title insurance business where its title reports contain provisions "guaranteeing" or "certifying" the subscriber against all loss not in excess of a specified amount by reason of the corporation's failure to report any recorded lien or encumbrance for which a search has been made and offering to increase that amount upon payment of an additional "fee".
Insurance Law, § 40 prohibits the doing of an insurance business in the State unless authorized by a…
2Cases cited6 opinions
- L. Smirlock Realty Corp. v. Title Guarantee Co.Appellate Division of the Supreme Court of the State of New York · 1979
- In re FeinsteinNew York Court of Appeals · 1975
- Ehmer v. . Title Guarantee Trust Co.New York Court of Appeals · 1898
- Electronic Realty Associates, Inc. v. LennonNew York Supreme Court · 1978
- People ex rel. Daily Credit Service Corp. v. MayAppellate Division of the Supreme Court of the State of New York · 1914
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